06th Mar to 10th Mar 2017
Early morning Australia will release the all-important TD Securities Inflation report which estimates inflation in the Australian economy. A higher figure will provoke RBA to increase the Interest rates at Tuesdays meeting. This will be followed by a speech from MPC member Hogg, UK. The day will end with Factory orders from US which is a measure of the total orders of durable and non-durable goods such as shipments (sales), inventories and orders at the manufacturing level which can offer insight into inflation and growth in the manufacturing sector. Important day for Australia as RBA will release their Rate decision and rate statement. Next up will be Gross domestic product from Euro zone which should provide positive signals Mario Draghi & Co. whether to increase rates at ECB meeting which is scheduled for Thursday. Next up will be Trade Balance from US which is a balance between exports and imports of total goods and services. This will be followed by Consumer Credit Change from USA which shows the amount of money borrowed by individuals. Day will end with Ivey purchasing managers index from Canada which captures business conditions in Canada. This is an important indicator of business conditions and the overall economic condition in Canada. Day will be full of major economic data coming from US. First up will be ADP Employment Change which is a measure of the change in the number of employed people in the US. This will be followed by Unit Labor Costs and Non-Farm Productivity. Unit Labor costs shows a total cost of employing a labor force while Non-farm productivity shows the output per Hour of labor worked. Day will end with 10 Year Note Auction Busy day for forex market as key decisions on interest rate and deposit rate from Euro zone is expected to come. Early morning UK will release RICS Housing Price Balance which presents housing costs in the UK. It shows the strength of the UK housing market, which can be considered as the economy as a whole, as the housing market is sensitive to the business cycle. This will be followed by Deposit Rate Decision, Interest Rate Decision by ECB after which Mario Draghi & co is expected to present its Monetary Policy Statement & Press Conference. Day will end with Initial Jobless Claims from US which is a measure of the number of people filing first-time claims for state unemployment insurance. Busy end to an eventful week where Nonfarm payrolls from US will be the main focus of the day while key data from Australia, Euro zone and UK is expected create volatility in the markets. Early morning Australia will release Home Loans & Investment Lending for Homes which represents key data on housing market. Next up will be Imports & Exports reports from Germany which will be followed by Trade Balance report. This shows the difference in the value of its imports and exports of German goods. This will be followed by Consumer Inflation Expectations which is a percentage that consumers expect the price of goods and services to change during the next 12 months. Next will be Manufacturing and Industrial production from UK. The U.S. non-farm payrolls and Average Hourly earnings will be published later in the evening. The forecast calls for a gain of 180,000 jobs and a 0.3 percent with in hourly wages. The Trump administration pro-growth policies appear to be delayed, but as Treasury Secretary Mnuchin reassured markets they are coming, giving the Fed another reason to move forward with their tightening plans.Monday
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