Week commencing 18th March : BST

Overview

UK data and a possible EU agreement to extend Brexit dominate the week, along with a Federal Reserve (Fed) meeting and a rate decision from the Bank of England (BoE).

Note:

The following figures reflect the expectations of the market as of Sunday. You should obtain up-to-date expectations for each event as it draws nearer.

I strongly recommend using the Talking-Forex service to stay abreast of all market expectations and data outcomes.

Charles Clifton Forex Trader | Coach | Signals Service – TFX TalkingForex Real-time Forex Trading News and Analysis – www.charlesclifton.co.uk

Monday

None

Tuesday

UK Parliament to vote again on PM’s Brexit deal: despite losing twice, the PM will try to get her deal through for a third time, in order to avoid a longer extension to Brexit. At present, the deal is still unlikely to pass. Markets to watch: FTSE 100/250, GBP crosses

12.30am – RBA meeting minutes: these will examine the decisions taken at the latest meeting. Markets to watch: AUD crosses

9.30am – UK employment data: 150K jobs expected to have been created in December, while the January unemployment rate holds at 4%. Average hourly earnings to rise 3.5% in January. Markets to watch: GBP crosses

10am – German ZEW index (March): economic sentiment to fall to -14 from -13.4. Markets to watch: EUR crosses

11.50pm – BoJ meeting minutes: Markets to watch: JPY crosses

Wednesday

9.30am – UK CPI (February): inflation fall 0.7% MoM and rise 1.9% YoY, while core CPI to rise 0.6% MoM and 1.9% YoY. Markets to watch: GBP crosses

2.30pm – US EIA crude inventories (w/e 15 March): previous week saw a fall in stockpiles of 3.9 million barrels. Markets to watch: Brent, WTI

6pm – FOMC meeting: no change in policy expected, but the current outlook will be worth noting. Markets to watch: US indices, USD crosses

Thursday

European Council Meeting – European leaders to vote on extension of Article 50

12.30am – Australia employment data (February): unemployment rate to remain at 5%, while the number of workers rises by 15K. Markets to watch: AUD crosses

9.30am – UK retail sales (February): sales to rise 0.2% MoM and 3.4% YoY. Markets to watch: GBP crosses

12pm – BoE meeting: policy expected to be left unchanged, but Brexit likely to dominate the discussion. Markets to watch: GBP crosses

12.30pm – US Philadelphia Fed index (March): expected to rise to 3.2 from -4.1. Markets to watch: USD crosses

3pm – eurozone consumer confidence (March): confidence to fall to -10.8 from -7.4. Markets to watch: EUR crosses

11.30pm – Japan CPI (February): CPI to be 0.4% YoY and core CPI to hold at0 .8% YoY. Markets to watch: JPY crosses

Friday

12.30am – Japan mfg PMI (March, flash): expected to rise to 52 from 48.9. Markets to watch: JPY crosses

8.15am – 9am – French, German, eurozone mfg & services PMI (March, flash): overall, activity in services is expected to weaken again but German manufacturing expected to improve. Markets to watch: eurozone indices, EUR crosses

12.30pm – Canada CPI (February): inflation to rise 0.2% MoM and 1.5% YoY, and core CPI to hold at 1.5% YoY. Markets to watch: CAD crosses

1.45pm – US mfg & services PMI (March, flash): service PMI to fall to 54.3 and manufacturing to rise to 54.7. Markets to watch: US indices, USD crosses

2pm – US existing home sales (February): sales fell 1.2% MoM. Markets to watch: USD crosses

Source: Chris Beauchamp, Market Analyst

Charles Clifton Forex Trader | Coach | Signals Service – TFX TalkingForex Real-time Forex Trading News and Analysis – www.charlesclifton.co.uk

Charles Clifton Forex Trader | Coach | Signals Service – RANsquawk Real-time multi-asset News and Analysis – www.charlesclifton.co.uk

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