Will the Dollar end March on High?

Daily Update - 29th March 2018

Yesterday’s Market

• EUR Consumer Confidence Survey
• US Gross Domestic Product Annualized

Yesterday’s explained

The Euro slipped against the USD on Wednesday as concerns about a trade war between US and China eased, while data showing US economic growth slowed less than previously estimated supported USD. US Q4 GDP growth came in above expectations while Pending Home Sales rebounded. On Thursday the Personal Income and Spending report is due.

 

Today’s Market

• EUR Unemployment, CPI report
• UK Gross Domestic Product report
• US Core Personal Consumption Expenditure, Initial Jobless Claims, Counting Jobless Claims

Today’s Focus

Today we will be seeing a slew of German macro data from within the Eurozone, kicking off with German Unemployment, followed by preliminary Harmonized German CPI. The German Unemployment Rate in March is forecast to come in at 5.3 percent, slightly lower than the previous reading's 5.4 percent, while year-on-year German CPI is expected at 1.6 percent, a healthy uptick from the previous period's 1.2 percent.

From the UK, the Current Account figure for Q4 of 2017 will be released. The Current Account figure looks at the difference between imported and exported goods, services, income flows and unilateral transfers between one quarter and the next. From US we will see the all important inflation figures yet again with labor data as well.