12th March 2018 - 16th March 2018
Quite a dull day to start the week, the only report that could move the markets would be Monthly Budget Statement from USA. This report summarizes the financial activities of federal entities and federal reserve banks. Quite an important day for US Dollar as key inflation data will be released. By mid-day we will see Budget Report from UK which a report is representing the economic forecast for next year, containing details about GDP growth estimates, spending and borrowing forecasts as well as fiscal stimulus. By evening markets will be volatile with the release of CPI figures from USA. CPI is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. Positive reports will create strong indications for FED to increase interest rates. Another important day follows for the Greenback with the release of US Retail sales. Early morning, we will see the release of harmonized Index of CPI from Germany which a measure of prices used by Governing Council of EU to define and assess price stability in the euro area as a whole in quantitative terms. This is followed by Industrial production from Euro zone, which shows the volume of production of Industries such as factories and manufacturing. Then comes the release of all important Retail Sales figures, which measures the total receipts of retail stores. January Retail sales recorded the largest decline ever since February last year mainly because of a decline in sales of automobiles. Hence, markets would be expecting a much more positive figure to boost the economy. A Speech from ECB president Mario Draghi is expected to take place in Frankfurt, Germany. He will have another chance to move markets as his speech is taking place at the Institute for Monetary and Financial Stability, so he may refer to monetary policy. Thursday is a day dedicated to the dollar as few mid-tier reports will be released in favor of the greenback. Initial reports will indicate figures on US employment while the latter will indicate the US housing market. The NAHB Housing market index presents home sales and expected home buildings in the future indicating housing market trend in the United States. Friday is s day important for the whole euro zone as we will see the release of inflation figures. By morning, we will see the release of Wholesale Price index from Germany which shows value of sales made by wholesalers in Germany. Later on, will be the release of Inflation data which captures the changes in the price of goods and services. Next up will be US housing data. First up will be Building Permits which shows the number of permits for new construction projects. Then comes Housing Starts, which is an indicator that tracks how many new single-family homes or buildings were constructed. The day will end with Industrial Production which shows the volume of production of US industries such as factories and manufacturing. Monday
Tuesday
Wednesday
Thursday
Friday
