This week ahead: top news to watch this week (March 12 – 16)

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