The Week Ahead - Looking at upcoming economic events [March 13 - 17]


Kim Ming Lam


March 13, 2023



Min Read

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

We are looking into the current week of March 13 - 17:

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

We are focusing on major economies worldwide, e.g. the U.S., China:

Investors should be watching closely the U.S. February Inflation Data to be released on Tuesday (March 14), which should provide clues on whether the Federal Reserve would remain hawkish on interest rates. 

According to Trading Central's "Economic Insight", the annual inflation rate is expected to decline further to 6.1%.

Also, Trading Central'sEconomic Insight” shows that, in the past 12 releases of U.S. monthly inflation data, EUR/USD rose in 50% of times (6 out of 12 times) within one hour from the release, marking a trading range of 99.76 pips on average.

Other key economic data include:

Tuesday (March 14)

- Australia’s Westpac consumer confidence index is expected to rise 0.8% on month in March.

- U.K. jobless rate is expected to tick up to 3.8%.

- U.S. core inflation rate should remain stable at 5.6% on year in February.

Wednesday (March 15)

- China’s industrial production is expected to grow 2.5% on year in January-February.

- China’s retail sales should gain 3.3% on year in January-February.

- U.S. retail sales are expected to shrink 0.2% on month in February.

- U.S. producer-price growth is expected to slow to 5.7% on year in February.  

Thursday (March 16)

- New Zealand's gross domestic product is expected to grow 2.9% on year in the fourth quarter.

- Australia's jobless rate is expected to drop to 3.6% in February.

- Japan's exports are expected to grow 1.0% on year in February.

- The European Central Bank may raise its key interest rate by 50 basis points to 3.5%.

- U.S. initial jobless claims may edge up to 214,000.

Friday (March 17) 

- Canada’s producer-price growth may slow to 3.3% on year in February.

- U.S. industrial production could grow 0.3% on month in February.

- U.S. University of Michigan consumer sentiment index may edge up to 68.0 in March.

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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