The Week Ahead - Finding important economic events for February 27 - March 3

By

Christophe Chevalier

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February 27, 2023

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2

Min Read

TC Economic Insight empowers traders to monitor, anticipate and act on market-moving events. In this blog, we've highlighted upcoming economic events that are scheduled to happen this week (Feb 27-Mar 3) and what this means for your trading.


We are looking at the current week of February 27 - March 3:

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



We are focusing on major economies worldwide:



Among key economic data to be released within the week, investors are watching closely the ISM (Institute for Supply Management) Manufacturing Purchasing Managers Index (PMI) (Wednesday, March 1), which is expected to tick up to 48.0 in February:




Further, Trading Central's Economic Insight is able to show that, in the past 12 releases of U.S. ISM Manufacturing PMI, EUR/USD fell in 67% of times (8 out of 12 times) within one hour from the release, marking a trading range of 55.82 pips on average.



Other key economic data include:


On Monday (February 27),

- U.S. durable goods orders are expected to decline 3.5% on month in January.

- U.S. pending home sales may drop 1.3% on month in January.



On Tuesday (February 28),

- U.S. Market News International Chicago business barometer may rise to 46.0 in February.

- U.S. Conference Board consumer confidence index is expected to rise to 109.0 in February.

- France’s inflation rate is expected to tick down to 5.7% on year in February.

- France’s producer price index should slow down to 0.5% on month in January.



On Wednesday (March 1),

- U.S. ISM manufacturing purchasing managers index (PMI) is expected to climb to 48.0 in February. 

- Germany’s  inflation rate is expected to slow down to 8.4% on year in February. 

- Australia's gross domestic product is expected to grow 2.5% on year in the fourth quarter.

- China's official manufacturing PMI may tick up to 50.8 in February.

- China's official non-manufacturing PMI could rise to 55.0 in February.

- China's Caixin manufacturing PMI is expected to increase to 50.3 in February.



On Thursday (March 2),

- U.S. initial jobless claims may increase to 193,000.

- The Eurozone’s inflation rate may ease to 8.2% on year in February.



On Friday (March 3), 

- U.S. ISM services PMI is expected to decline to 54.6 in February. 

- The Eurozone’s producer price index may ease to 0.6% on month in January.

- Japan's jobless rate is expected to be steady at 2.5% in January.

- China's Caixin services purchasing managers index may rise to 53.8 in February.



Happy Trading!


Source: Trading Central Economic Insight

Christophe Chevalier

Technical Analyst
Christophe has an STA Level 1 & 2 from the Society of Technical (UK), an MS in Financial Trading ESLSCA France’s elite financial education university and an MBA from ISC Paris Business School. He joined TC in 2007, bringing over 11 years experience in financial markets.