Fellow traders, let us have a look at upcoming week in terms of important economic news.

Below you can find short table of major economic news during this week:

Monday: The market moving events on Monday can be considered as follows: Eurogroup Meeting + RBNZ Governor Grant Spencer speech impacting EUR and NZD respectively. China’s Foreign Direct Investment is due. Greek industrial production is set to rise 0.2% m/m in January. Portuguese CPI is expected to rise 1.0% y/y in February. The US monthly budget statement is set to reveal a deficit of $-222.6 billion in February. NZ Food price index is expected to rise 1.2% m/m in February.

Tuesday: USD Inflation Data: The Commerce Department will publish February inflation figures. The Commerce Department will publish February inflation figures at 8:30AM ET (1230GMT) Tuesday. Market analysts expect consumer prices to rise 0.2%, weakening from January’s 0.5% increase, while core inflation is forecast to inch up 0.2%, a touch slower than a month earlier, when core CPI recorded a 0.3% gain.

Wednesday: USD Retail Sales: The Commerce Department will publish data on retail sales for February. The consensus forecast is that the report will show retail sales rose 0.3% last month, snapping back after a decline of 0.3% in January. Core sales are forecast to inch up 0.3%, after holding flat a month earlier.

Thursday: SNB Policy Assessment: The Swiss National Bank’s quarterly monetary policy assessment. Most economists forecast the central bank’s benchmark interest rate to remain unchanged at -0.75%. The SNB is also expected to stick to its commitment to foreign currency interventions if necessary.

Friday: Euro Zone CPI: The euro zone will publish final inflation figures for February. The report is expected to confirm that consumer prices rose 1.2%, 0.1% slower than in the previous month. Perhaps more significantly, the core figure, without volatile energy and food prices, is seen holding steady at 1.0%, unchanged from a month earlier.

Final inflation figures for Germany, France, Spain and Italy are also due this week

Sources: 

https://www.fxstreet.com/analysis/european-fx-outlook-markets-seen-digesting-the-nfp-report-on-data-light-monday-201803120656

https://www.fxstreet.com/economic-calendar

https://www.investing.com/news/economy-news/economic-calendar–top-5-things-to-watch-this-week-1335604

https://www.investing.com/economic-calendar/

https://www.ft.com/markets

Both Italian election results and Trump decision to impose higher tariffs on steel and aluminium are impacting the markets on EUR and USD currency pairs on Monday.

Global equities were mixed in cautious trade, as investor nerves remained on show.

The EUR/USD is trading around $1.2300, slightly lower on the day. The Italian elections resulted in big gains for populist parties and the composition of the next government is unclear. The euro septic Lega will probably be in government and this slightly weighs on the euro. Five Star, led by 31-year-old Luigi Di Maio, was one of the big winners and appeared on course to be Italy’s strongest single party with 32 per cent of the vote. Although it cannot form a government unless it strikes an alliance with other parties, it has positioned itself as a dominant force in Italian politics.

The euro was up 0.1% at $1.2331, erasing all of its losses after sliding to a session low of $1.2155. Against the yen, it was unchanged at 130.25, recovering after hitting an intraday low of 129.36, its lowest level since late August.

However, Germany will finally have a government and Trump’s tariffs weigh on the US Dollar against the majors. U.S. stocks logged hefty losses last week, with the Dow dropping around 3%. Trump is expected to finalize the tariffs – 25% on steel and 10% on aluminum – later in the week, posing a tough challenge for U.S. Trade Representative.

The USD/JPY is trading a bit lower, around ¥105.50, stuck above the lows of ¥105.25 recorded last week.

Sources: 

https://www.investing.com/news/economy-news/top-5-things-to-know-in-the-market-on-monday-1324224

https://www.investing.com/news/stock-market-news/sp-dow-futures-lower-as-trade-war-fears-dominate-1324454

https://www.investing.com/news/

https://www.ft.com/content/e6a89252-1ffa-11e8-a895-1ba1f72c2c11

https://www.fxstreet.com/analysis/eur-usd-forecast-ignoring-italy-trumping-on-looking-for-a-new-direction-201803050927?utm_source=NLsession&utm_medium=email&utm_content=hot-story-headline&utm_campaign=america-newsletter

https://www.fxstreet.com/testing/home-with-tabs?utm_expid=.7yoibMg6Tc-Z6LTNNM39OQ.1&utm_referrer=https%3A%2F%2Fwww.fxstreet.com%2Fanalysis%2Feur-usd-forecast-ignoring-italy-trumping-on-looking-for-a-new-direction-201803050927%3Futm_source%3DNLsession%26utm_medium%3Demail%26utm_content%3Dhot-story-headline%26utm_campaign%3Damerica-newsletter

https://www.fxstreet.com/currencies/usdjpy