12th Mar to 16th Mar 2017
Monday will initiate with ECB President Mario Draghi, as he will attend press conferences in the back of how the ECB observes the current European economy. Draghi’s comments may determine positive or negative for Euro's trend in the short-term. Next, will be Labor Market Conditions Index from USA, which is the primary source of common variation among 19 labor market indicators. The day will commence with few mid-tier reports coming in from Germany such as the consumer price index which measures the average price change for all goods and services purchased by households for consumption purposes. This will be followed by the industrial Production report which is coming out for the Euro Zone which will show the volume of production of Industries such as factories and manufacturing. Up trend is regarded as inflationary which may anticipate interest rates to rise. Day will be full of major economic data coming from US. First up will be Retail Sales which measures the total receipts of retail stores. This will be followed Consumer Price Index which is the measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. Finally, the highlight of the day is the FED Interest Rate which is anticipated by many to increase from .75% to 1% due to the prerequisite being fulfilled which was the job data sessions on the previous weekend which came out positive. This will be followed with Feds economic projection, monetary policy statement and Press conference. The day will start with data coming out from AUD which is the unemployment rate which is the number of unemployed workers divided by the total civilian labor force. Later on, the BoJ and the BoE will be conducting Interest rate decision based on the positivity in economic reports that are relevant to inflation as well as job data for the specific economy. The day will come to a conclusion with the Vote Cut, Vote Unchanged, Vote Hike which is the adjustment of the interest rate which is set by the MPC and they set it to what they think will enable the inflation target to be met. The day starts off with trade balance in EUR. The trade balance released by the Eurostat is a balance between exports and imports of total goods and services. A positive value shows trade surplus, while a negative value shows trade deficit. Next will be the industrial production report which shows the volume of production of US industries such as factories and manufacturing. Up trend is regarded as inflationary which may anticipate interest rates to rise. This will be followed by Capacity Utilization shows percentage of the US production capacity which is actually used over the short-time period. Day will end with CB Leading Indicator which measures future trends of the overall economic activity including employment, average manufacturing workweek, initial claims, permits for new housing construction, stock prices and yield curve.Monday
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