TC Economic Insight - The Week Ahead (Mar 18 - 22)


Kim Ming Lam


March 17, 2024



Min Read

TC Economic Insight - The Week Ahead (Mar 18 - 22)

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

We are looking into the trading week of March 18 - 22:

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:

The Bank of Japan (BoJ) will decide on interest rates on Tuesday (March 19). According to Trading Central's "Economic Insight", the central bank could raise its key interest rate to 0.000% from -0.100%.

Investors are currently expecting the BoJ to end its negative-interest-rate policy, which has been in place for eight years, considering bigger-than-expected pay hikes (over 5%) by major Japanese companies.

In the past 7 BoJ Interest Rate Decisions, USD/JPY rose in 71% of times (5 out of 7 events) within one hour from the report’s release, marking a trading range of 130.24 pips on average.

Meanwhile, the U.S. Federal Reserve, the Bank of England and the Reserve Bank of Australia will also set interest rates within the week.

Key Economic Data Forecasts:

Monday (March 18)

JP Machinery Orders (JAN) -0.9% MoM

CN Industrial Production (JAN-FEB) +5.4% YoY

CN Retail Sales (JAN-FEB) +6.0% YoY

Fixed Asset Investment (JAN-FEB) +3.1% YoY

CA Producer Prices (FEB) -2.0% YoY

Tuesday (March 19)

JP Bank of Japan may raise key interest rate to 0.000%

AU Reserve Bank of Australia may keep key interest rate unchanged at 4.35%

DE ZEW Economic Sentiment Index (MAR) to tick up to 21.0

US Housing Starts (FEB) to increase 7.0% MoM

US Building Permits (FEB) to dip 0.2% MoM

CA Inflation Rate (FEB) may tick up to 3.0%

Wednesday (March 20)

JP Market closed for Vernal Equinox Holiday

GB Inflation Rate (FEB) expected to slow to 3.5% YoY

DE Producer Prices (FEB) -3.8% YoY

US Federal Reserve expected to keep key interest rate unchanged at 5.50%

Thursday (March 21) 

NZ GDP (Q4) +0.2% YoY

JP Trade Deficit (FEB) may narrow to 950 billion yen

JP Exports (FEB) +5.3% YoY 

AU Unemployment Rate (FEB) to dip to 4.0%

DE HCOB Manufacturing PMI (MAR) to rise to 44.0

GB Bank of England expected to keep key Interest rate unchanged at 5.25%

US Philadelphia Fed Manufacturing Index (MAR) may drop to -4.0

US Initial Jobless Claims (MAR/16) to tick up to 216,000

US Existing Home Sales (FEB) -2.5% MoM

US Conference Board Leading Index (FEB) -0.3% MoM

Friday (March 22)

JP Core Inflation Rate (FEB) expected to rise to 2.7% YoY

GB Retail Sales (FEB) -0.5% MoM

DE Ifo Business Climate Index (MAR) to rise to 86.0

CA Retail Sales (JAN) +0.1% MoM

Happy Trading!

Source: Trading Central Economic Insight

Kim Ming Lam

Head of APAC Research
Ming graduated from Hong Kong University with a Bachelor's degree in mechanical engineering. He has been working in the financial services sector for over 10 years. He is currently tasked with providing clients with technical analysis views on forex and Asian stock indexes.
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