This week ahead: top news to watch this week (March 12 – 16)
By Content-mgr - on March 12, 2018Fellow 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/economic-calendar
https://www.investing.com/economic-calendar/
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