TC Economic Insight - The Week Ahead (Mar 25 - 29)


Kim Ming Lam


March 24, 2024



Min Read

TC Economic Insight - The Week Ahead (Mar 25 - 29)

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:

Last week, the U.S. Federal Reserve kept its key rates steady at 5.25%-5.50% (as expected),  saying that most of its policy members anticipate a reduction of at least 0.75 percentage points in such rates by the year's end.

This helped to boost market sentiment, as investors had feared that hotter-than-expected inflation data would potentially result in fewer cuts. And major U.S. stock indexes then jumped to record highs.

Another set of key U.S. inflation data will be released on the coming Friday (March 29). 

According to Trading Central's "Economic Insight", U.S. Core Personal Consumption Expenditure (PCE) Price Growth is expected to slow to 2.7% on year.

In the past 12 U.S. Core PCE Price Inflation 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 50.14 pips on average.

Most markets will be closed on Friday (March 29) for Good Friday Holiday.

Key Economic Data Forecasts:

Monday (March 25)

JP BoJ Monetary Policy Meeting Minutes

EA ECB President Lagarde to give a speech

US New Home Sales (FEB) +3.0% MoM

US Dallas Fed Manufacturing Index (MAR) may fall to -8.0

Tuesday (March 26)

AU Westpac Consumer Confidence Index (MAR) -1.6% MoM

DE GfK Consumer Confidence Index (APR) to tick up to -28

US Durable Goods Orders (FEB) +1.7% MoM

US Richmond Fed Manufacturing Index (MAR) may edge up to -4

US Conference Board Consumer Confidence Index (MAR) stable at 106.5

Wednesday (March 27)

AU Inflation Rate (FEB) expected to rise to +3.7% YoY


FR Consumer Confidence Index (MAR) may tick up to 90

Thursday (March 28) 

AU Retail Sales (FEB) +0.3% MoM

DE Retail Sales (FEB) +0.5% MoM


DE Unemployment Rate (MAR) to rise to 6%

US GDP Growth (Final Q4) +3.2% QoQ

US Initial Jobless Claims may rise slightly to 212,000

US Chicago PMI (MAR) may climb to 46

CA GDP Growth (JAN) 0.4% MoM


Friday (March 29)

Markets Closed for Good Friday Holiday:

JP Unemployment Rate (FEB) Stable at 2.4%

JP Retail Sales (FEB) +0.4% MoM

JP Industrial Production (FEB) +1.4% MoM

JP Tokyo Core CPI (MAR) may tick up to 2.6% YoY

FR Inflation Rate (MAR) to slow to 2.8% YoY

US Core PCE Price Index (FEB) expected to slow to 2.7% YoY

US Fed Chair Powell to give a speech

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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