The Week Ahead: 21st – 25th March 2022

Overview for the Week Ahead

Volatility in oil markets is set to continue amid uncertain outcomes in the war in Ukraine, the Iranian nuclear deal, the hit on demand from inflation and interest rate hikes, and COVID-related developments.

Share markets were in a sober mood on Monday as fighting in Ukraine raged on with no sign of stopping, leaving investors clutching at hopes for an eventual peace deal, while oil prices climbed anew as supplies remained tight.

Most share markets rallied last week in anticipation of an eventual peace deal on Ukraine, but it could take actual progress to justify further gains.

President Joe Biden will meet NATO allies on Thursday and visit Poland on Friday.

On the economic data front, this week’s consumer sentiment report due out from the University of Michigan on Friday will offer an updated snapshot on the state of the consumer amid soaring inflation and the geopolitical crisis in Ukraine.

The institution’s revised Surveys of Consumers index is expected to come in unchanged from the preliminary March index at 59.7 — the lowest since 2011. Such a result would solidify the deterioration in consumers’ assessments of current and future conditions amid surging prices and turmoil abroad. It would also suggest whether inflation expectations are getting reset and embedded at historically high rates: Earlier this month, consumers said they expected inflation to rise by 5.1% in the next year, marking the highest expected rate since 1981, according to the University of Michigan.

Have your trading chart ready!

This Week’s High Impact Events

The times below are GMT +2.

Monday 21st March

  • 18.00 – US – Fed Chair Powell Speaks

Potential instruments to Trade: USD Crosses. 

Tuesday 22nd March

  • 05.30 – AUD – RBA Gov. Lowe Speaks

Potential instruments to Trade: AUD Crosses. 

  • 15.15 – Europe – ECB President Lagarde Speaks

Potential instruments to Trade: EUR Crosses. 

  • 17.15 – Switzerland – SNB Chairman Jordan Speaks

Potential instruments to Trade: CHF Crosses. 

Wednesday 23rd March

  • 09.00 – UK – CPI y/y

Potential instruments to Trade: GBP Crosses. 

  • 14.00 – UK – BOE Gov Bailey Speaks

Potential instruments to Trade: GBP Crosses. 

  • 14.00 – US – Fed Chair Powell Speaks

Potential instruments to Trade: USD Crosses. 

  • Tentative – UK – Annual Budget Release

Potential instruments to Trade: GBP Crosses. 

Thursday 24th March

  • 10.30 – Switzerland – SNB Monetary Policy Assessment, & SNB Policy Rate

Potential instruments to Trade: CHF Crosses. 

  • 10.30 – Europe – German Flash Manufacturing & Flash Services PMI

Potential instruments to Trade: EUR Crosses. 

  • 11.30 – Switzerland – SNB Press Conference

Potential instruments to Trade: CHF Crosses. 

  • 14.30 – US – Core Durable Goods Orders m/m

Potential instruments to Trade: USD Crosses. 

Friday 25th March

  • 09.00 – UK – Retail Sales m/m

Potential instruments to Trade: GBP Crosses. 

  • 11.00 – Europe – German ifo Business Climate

Potential instruments to Trade: EUR Crosses. 

  • 16.00 – US – Revised UoM Consumer Sentiment

Potential instruments to Trade: USD Crosses. 

For more information – https://errante.eu/economic-calendar/

If you have any questions or require any assistance, please contact one of our support team members via our Live Chat or email [email protected].

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To find out more about Errante, visit https://errante.eu.

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