The Week Ahead: 1st – 5th March 2021

Overview for the Week Ahead

It is a very busy week on the economic calendar, 73 stats come into focus. 

For the US, the private sector PMI and ADP employment change figures for February are in focus in the 1st half of the week. 

For the private sector the ISM Manufacturing and Non-Manufacturing PMIs are due out on Monday and Wednesday. 

On Wednesday, ADP Nonfarm Employment Change figures for February will also be in focus. 

The market focus will then shift to the weekly jobless claim figures on Thursday ahead of the labor market numbers on Friday. 

On Friday, expect the unemployment rate and nonfarm payroll figures to be the key drivers.   

Economists are expecting the U.S. economy to have created 165,000 new jobs in February, after January’s 49,000 increase. But the winter storms that swept across the South may complicate the picture. 

The Dollar Spot Index ended the week up by 0.57% to 90.879

For Europe, it is a busy week with private sector PMI being released for many European countries. All eyes will be on the ECB come Thursday for the ECB’s inflation and economic outlook.  Keep an eye on the EUR crosses! 

The EUR ended the week down by 0.36% to $1.2075

For the UK, it is a quiet week.  The UK government will release its annual budget on Wednesday. The markets will be looking to see by how much the UK government has loosened the purse strings to support an economic recovery. Government debt has already rocketed to pre-1970 levels as percentage of GDP.   

The Pound ended the week down by 0.59% to $1.3933

For Australia, the RBA monetary policy decision on Tuesday will set the tone for this week. 

The Aussie Dollar ended the week down by 2.07% to $0.7706

For New Zealand, with economic data on the lighter side, expect market risk sentiment to drive the Kiwi in the week. 

The Kiwi Dollar ended the week down by 0.90% to $0.7233. 

For China, it is a busy week.  The market’s preferred Caixin Manufacturing PMI on Monday will set the tone for the week.  On Wednesday, the Caixin Services PMI for February will also influence market risk sentiment. 

The Chinese Yuan ended the week down by 0.25% to CNY6.4737 against the U.S Dollar. 

For Japan, it is a quiet week.  Jobs data and 4th quarter capital spending figures are due out early in the week. 

The Japanese Yen ended the week down by 1.06% to ¥106.57 against the U.S Dollar. 

This Week’s High Impact Events 

The times below are GMT+2. 

Monday 1st March 

  • 11.30 – UK – Final Manufacturing PMI 

Potential instruments to Trade: GBP Crosses.  

  • 17.00 – US – ISM Manufacturing PMI 

Potential instruments to Trade: USD Crosses.  

  • 18.10 – Europe – ECB President Lagarde Speaks 

Potential instruments to Trade: EUR Crosses.  

Tuesday 2nd March 

  • 05.30 – Australia – RBA Rate Statement & Cash Rate 

Potential instruments to Trade: AUD Crosses.  

  • 15.30  Canada – GDP m/m 

Potential instruments to Trade: CAD Crosses.  

  • 17.00 – US – Fed Chair Powell Testifies & CB Consumer Confidence 

Potential instruments to Trade: USD Crosses.  

  • 19.30 – Canada – BOC Gov Macklem Speaks 

Potential instruments to Trade: CAD Crosses.  

Wednesday 3rd March 

  • 02.30 – Australia  GDP q/q 

Potential instruments to Trade: AUD Crosses. 

  • Tentative – UK  Annual Budget Release 

Potential instruments to Trade: GBP Crosses.  

  • 15.15 – US  ADP Non-Farm Employment Change  

Potential instruments to Trade: USD Crosses.  

  • 17.00 – US  ISM Services PMI 

Potential instruments to Trade: USD Crosses.  

  • 17.30 – US  Crude Oil Inventories  

Potential instruments to Trade: USD Crosses.  

  • 18.00 – UK  MPC Member Tenreyro Speaks  

Potential instruments to Trade: GBP Crosses.  

  • 22.15 – US  RBNZ Gov. Orr Speaks  

Potential instruments to Trade: NZD Crosses.  

Thursday 4th March 

  • All-Day – OPEC-JMMC Meetings 

Potential instruments to Trade: All Currency Crosses.  

  • 19.05– US – Fed Chair Powell Speaks 

Potential instruments to Trade: USD Crosses.  

Friday 5th March 

  • 15.30 – US  Average Hourly Earnings m/m 

Potential instruments to Trade: USD Crosses.  

  • 15.30 – US – Non-Farm Employment Change & Unemployment Rate 

Potential instruments to Trade: USD Crosses.  

If you have any questions, please email our Education Centre.

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.

To find out more about Errante, visit

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.50% 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.

Get started for free

Create Account