TC Economic Insight - The Week Ahead (Feb 26 - Mar 1)


George Lam


February 24, 2024



Min Read

TC Economic Insight - The Week Ahead (Feb 26 - Mar 1)

Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.

We are looking into the trading week of February 26 - March 1:

We can select economic data of "High", "Medium" or "Low" importance, or any combination of such filters:

We can select which economies to focus on:

On February 13 (Tuesday), U.S. data showed hotter-than-expected inflation in January, dampening market sentiment and weighing on stocks on that day.  

Since then, investors have largely expected the Federal Reserve not to cut interest rates in March.

February 29 (Thursday) will see the release of another set of inflation data which investors should watch closely.

According to Trading Central's "Economic Insight", U.S. Core Personal Consumption Expenditure (PCE) Price Index, the Fed’s favorite inflation gauge, is stable at 2.9% on year in January.

In the past 12 U.S. Core PCE Price Index Reports, EUR/USD fell in 67% of times (8 out of 12 events) within one hour from the report’s release, marking a trading range of 48.08 pips on average.

Forecasts of Key Economic Data:

Monday (February 26)

US New Home Sales (JAN) +0.9% MoM

US Dallas Fed Manufacturing Index (FEB) to improve to -8.0

EA ECB President Lagarde Speech

Tuesday (February 27)

JP Inflation Rate (JAN) to slow to 2.1% YoY

JP Core Inflation Rate (JAN) to slow to 1.8% YoY

DE GfK Consumer Confidence (MAR) to tick up to -28.0

FR Consumer Confidence (FEB) to climb to 92

US Durable Goods Orders (JAN) -4.0% MoM

US Richmond Fed Manufacturing Index (FEB) to rise to 3

US CB Consumer Confidence (FEB) to tick up to 115.0

Wednesday (February 28)

AU CPI (JAN) +3.2% YoY

NZ New Zealand Central Bank expected to keep key rate unchanged at 5.50%

US GDP Growth Rate (Q4, 2nd Est) +3.3% QoQ 

Thursday (February 29) 

JP Industrial Production (JAN) -5.0% MoM

JP Retail Sales (JAN) +0.6% MoM

AU Retail Sales (JAN) +1.5% MoM

DE Retail Sales (JAN) +0.7% MoM

GB Nationwide Housing Prices (FEB) +0.3% MoM

FR Inflation Rate (FEB) to slow to 2.9% YoY

DE Unemployment Rate (FEB) to climb to 5.9%

DE Inflation Rate (FEB) to slow to 2.7% YoY


US Core PCE Price Index (JAN) to remain at 2.9%

US Initial Jobless Claims (FEB/24) to increase to 210,000

CA GDP Growth Rate (Q4) Annualized +1.1%

US Chicago PMI (FEB) to rise to 49

Friday (March 1)

NZ Building Permits (JAN) +1.8% MoM

JP Unemployment Rate (JAN) to remain at 2.4%

CN Official Manufacturing PMI (FEB) to edge up to 49.3

CN Official Non-Manufacturing PMI (FEB) to edge up to 50.8

CN Caixin Manufacturing PMI (FEB) to tick up to 50.9

EA Unemployment Rate (JAN) to edge up to 6.5%

EA Inflation Rate (FEB) to slow to 2.5% YoY

US ISM Manufacturing PMI (FEB) to rise to 49.5

Happy Trading!

Source: Trading Central Economic Insight

George Lam

Technical Analyst
George Lam is a technical analyst attached to Trading Central's Hong Kong Office. George graduated from the University of Manchester with a bachelor's degree in economics, and has been engaged in the financial analysis field in Hong Kong for about 10 years.
X (formerly Twitter) logo