Weekly Outlook & Important Economic News for “March 12th – 16th”

March 12, 2018

Fed Encouraged to Tighten Monetary Policy, US Inflation Likely to Build-Up Following Tariffs.

Weekly Outlook & Important Economic News for “March 12th – 16th”

This article is originally referred from FXPrimus News

This week’s indicators

Last week President Trump announced tariffs on steel and aluminium while a rosy Jobs report came about to add inflationary pressures despite only a moderate increase in wages.

This week the US Core CPI will come down on Tuesday as well as the Core Retail Sales and PPI on Wednesday.

In Europe, investors will focus on Draghi’s speech at the ECB conference on Wednesday.


March 12th, Monday

No major economic indicators due, global markets slightly quiet on G10 week.

A rather quiet trading session hosting only RBNZ Gov Spenser’s speech titled “Getting the best out of macro-prudential policy” at the RBNZ and the Eurogroup meetings in Brussels.

March 13th, Tuesday

British annual budget release in focus, US inflation to set Fed’s outlook on inflation.

HM Treasury will outline the UK’s budget for the fiscal year and is likely to create sharp volatility at 11:30 GTM.

At 12:30 GMT the US will release its latest CPI figures, a very important release considering the inflationary pressures in the US.

At 14:15, BoC Gov Poloz will speak at Queen’s University on “Today’s Labour Market and the Future of Work”.

March 14th, Wednesday

Draghi and US Consumer Spending in focus, WTI stocks and NZ GDP to add volatility.

Volatility in the session will kick-in early in the Asian session with the Chinese Industrial Production.

Draghi’s speech at the ECB Conference at 08:00 GMT will add on to volatility and this is likely to be the case until the US Core Retails Sales takes place at 12:30 GMT as an array of releases in the EU is due.

At 14:30 EIA will provide its weekly oil stockpiles. Closer to session’s end NZ will release its quarterly GDP.

March 15th, Thursday

SNB to deliver interest rate statement, investors’ attention on US reports.

Investors will dive into opportunities on Swiss France crosses in the Thursday session as the National Bank will deliver its latest interest rate decision at 08:30 GMT.

At 12:30 a number of moderate impact reports from the US will provide signals to market participants.

March 15th, Friday

Emphasis on European inflation figures and the US Building Permits.

The closing of the week will provide investors with a number of opportunities starting with the European CPI figures at 10:00 GMT and the Building Permits at 12:30 GMT in the US.

At 14:00 GMT the University of Michigan will deliver the monthly Consumer Sentiment report.

Original Source: FXPrimus News

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