Welcome to this week’s FX analysis, where we navigate a complex market landscape shaped by central bank divergence, geopolitical tensions, and shifting economic outlooks.

Last week delivered significant volatility with the SNB cutting rates, the BOE holding firm, and the Fed slowing its balance sheet reduction while maintaining rate projections.

The coming week brings critical inflation readings, flash PMIs, and the UK budget statement – all potential market movers. With gold surging past $3,000, Treasury yields declining, and currencies increasingly responding to risk sentiment shifts, proper positioning will be essential for navigating the evolving dynamics ahead.

Let’s break it all down, shall we?