This will be a big week for economic data, as Retail Sales, Import Prices, Industrial Production and Capacity Utilization, Housing Starts and Building Permits, the Philly Fed and, of course, Initial and Continuing Jobless Claims all hit the tape as the week progresses. We also see the commencement of a new two-day meeting from the Federal Open Market Committee (FOMC), ending with a press conference with Fed Chair Jay Powell, who will have plenty of new grist for the mill, especially regarding inflation metrics.
On Tuesday, the focus will then shift to February retail sales and industrial production figures.
With consumption a key area of focus, expect the retail sales figures to have a greater impact.
On Thursday, the weekly jobless claim and Philly FED Manufacturing PMI numbers will also draw attention.
Other stats include housing, import and export price, and business inventory numbers. We would expect these to have a muted impact on the Dollar, however.
While the stats will influence, the FED monetary policy decision on Wednesday will be the main event.
Following reflationary fears, the FOMC projections will be key, barring an unexpected move by the FED.
For Europe, ZEW Economic Sentiment figures for Germany and the Eurozone will influence on Tuesday. We’ve seen greater sensitivity to the ZEW numbers of late.
On Wednesday, finalized inflation figures for the Eurozone are due out. Barring upward revisions, however, the numbers should have a relatively muted impact on the EUR.
In the 2nd half of the week, Eurozone trade data and wage growth figures and German wholesale inflation numbers will be in focus.
Barring particularly dire figures, however, we don’t expect too much impact from trade and wage growth figures.
Away from the economic calendar, a new spike in COVID-19 cases and new containment measures could test EUR support early in the week.
Keep an eye on the EUR crosses!
For the UK, the markets will be looking to get the BoE’s view on inflation and the economic outlook. A shift in monetary policy had been on the cards after the review of negative rates, we wait to see the BOE’s move on Thursday.
It is a very busy week of releases for Canada, expect crude oil inventory numbers to continue to influence this week.
For Australia and New Zealand , it’s a quiet week.
For China, it is a busy week. Industrial production, fixed asset investment, retail sales, and unemployment figures are due out.
For Japan, there are releases this week including the BOJ although the markets are not expecting much.
This Week’s High Impact Events
The times below are GMT+2.
14.30 – US – Core Retail & Retail Sales
Potential instruments to Trade: USD Crosses.
01.30 – Australia – RBA Gov. Kent Speaks
Potential instruments to Trade: AUD Crosses.
All-Day – Dutch Parliamentary Election
Potential instruments to Trade: EUR Crosses.
14.30 – Canada–CPI m/m
Potential instruments to Trade: CAD Crosses.
16.30 – US–Crude Oil Inventories
Potential instruments to Trade: USD Crosses & Energies.
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].
We are Errante. Trading made personal.
Errante is the trading name used by Notely Trading Ltd, an Investment Firm authorized and regulated by the Cyprus Securities and Exchange Commission (CySec) under license number [383/20]. Errante is governed by the Markets of Financial Instruments Directive (MiFID II) of the European Union.
Notely Trading Limited is an Investment Firm authorized and regulated by the Cyprus Securities and Exchange Commission (CySec) under license number 383/20, registration number HE394425 and with registered office at 30 Karpenisiou, 1077 Nicosia, Cyprus. The Company is governed by the Markets of Financial Instruments Directive (MiFID II) of the European Union.
The website (www.errante.eu) is operated by Notely Trading Ltd.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65.00% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Read our Risk Disclosure.
Errante brand is authorised and regulated in other jurisdictions:
Errante Securities (Seychelles) Ltd (https://errante.com/) is regulated by the Seychelles Financial Services Authority (FSA) under license number SD038.
Errante is a Trademark owned by an entity of the Errante Group. All other trademarks that appear on this website are the property of their respective owners.
Regional Restrictions: Notely Trading Ltd currently provides its services on a cross-border basis within EEA states under the MiFID regime. We do not provide our services to residents of certain jurisdictions including, but not limited to, USA, Syria, Japan, North Korea, Iraq, Belgium, and Canada. The Company holds the right to alter the above lists of countries at its own discretion.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65.00% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.Read our Risk Disclosure.
Functional Cookies help a site work well, they enable additional features which can make the user experience better.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.
Analytical and Promotional Cookies
Analytical cookies are used to determine usage of a site, they may track individual users, but only to the extent to allow a proper user journey through the site. They are not used for targeting adverts.
Promotional cookies keep track of information to tailor advertisements to you and to measure their success. This includes using previously collected information about your interests to select ads, processing data about what advertisements were shown, how often they were shown, when and where they were shown, and whether you took any action related to the advertisement, including for example clicking an ad or making a purchase.
Please enable Strictly Necessary Cookies first so that we can save your preferences!
Cookies are small pieces of information, normally consisting of just letters and numbers, which are automatically stored on your computer (or any other devise used to enter the Internet) when you visit a website and offer an insight your activity and preferences.