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
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