WEEK 10 AHEAD Economic calendar: Mon 6th to Fri 10th March 2017

 

Analysis written BY retail traders FOR retail traders

Important: Please be aware that the following expected figures are analysts estimates based upon the data available at the time this calendar was posted. As each data point draws nearer you should expect some fluctuation in these expectations and stay as up to date as you possibly can as to any renewed expectations immediately prior to the release of a data point. 

 


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WEEK 10 AHEAD Economic calendar: Mon 6th to Fri 10th March 2017

 

Monday 6th

3pm – US factory orders (January): forecast to rise 1.2% MoM after a 1.3% rise last month.

 

Tuesday 7th

3.30am – RBA rate decision: no change on rates expected.

10am – eurozone GDP (Q4, third estimate): growth expected to be 0.4% QoQ (from 0.3%), and 1.7% YoY.

1.30pm – US trade balance (January): deficit expected to be $45.5 billion from $44.3 billion.

3pm – Canada Ivey PMI (February): forecast to drop to 55.5 from 57.2.

11.50pm – Japan GDP growth (Q4, final revision): expected to be 1% YoY.

 

Wednesday 8th

12.30am – Australia business confidence (February): forecast to fall to 8.7 from 10.

2am – China trade balance (February): watch for any weakening of export growth.

12.30pm – UK annual budget release : Outlining the government’s budget for the year including expected spending and income levels, borrowing levels, financial objectives, and planned investments. Unexpected comments can give rise to extreme price volatility across all GBP crosses.

1.15pm – US ADP payroll report (February): 180,000 jobs expected to have been created, down from 245,000 a month earlier.

3.30pm – US EIA crude inventories (w/e 3 March): stockpiles expected to rise by 1.7 million barrels from a 1.5 million barrel increase a week earlier.

 

Thursday 9th

1.30am – China CPI, PPI (February): CPI expected to be 2.6% YoY and 0.5% MoM from 2.5% and 1% respectively. PPI forecast to rise to 7.8% YoY and 6.9%.

12.45pm – ECB rate decision (press conference at 1.30pm): with eurozone inflation on the rise, questions will be asked about whether the QE programme will need to be scaled back.

1.30pm – US initial jobless claims (w/e 4 March): claims expected to be 228,000 from the previous 243,000, a 44-year low.

 

Friday 10th

7am – German trade balance (January): surplus expected to fall to €14.1 billion from €18.7 billion.

9.30am – UK trade balance, industrial and manufacturing production (January): trade deficit forecast to widen to £3.8 billion from £3.3 billion.

1.30pm – US non-farm payrolls (February): 180,000 jobs expected to have been created, from 227,000 a month earlier, while the unemployment rate is expected to fall to 4.7% from 4.8%. Average hourly earnings forecast to rise 0.2% MoM from 0.1% in January.

1.30pm – Canada employment data (February): expected to see unemployment remain at 6.8% while 29,400 jobs are forecast to have been created, from 48,300 a month earlier.

 

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