Saxo Bank global macro strategist Kay Van-Petersen previews this week’s data and says US inflation will be the main focus.

He also takes a look at last week’s nonfarm payrolls, the US dollar reaction and the potential sentiment shift. This can lead to a tactical squeeze, says Van-Petersen.

His trade ideas from Macro Monday include potential longing USDCHF and USDSGD.

Van-Petersen says that not much is expected from the Reserve Bank of New Zealand on Thursday, and that the Fed’s Jackson Hole conference later this month could lead to disappointment over ECB president Mario Draghi’s message there and a EUR pullback.

You can read more of Macro Monday here and follow Saxo's global macro strategist Kay Van-Petersen on Twitter here.