One of the significant releases in the upcoming week will be the February US Consumer Price Index (CPI) and Producer Price Index (PPI) figures.
As per the expectations, there could be a deceleration in the CPI growth to 0.4% month-on-month (m/m), as compared to the previous rate of 0.5%. However, the Core CPI is expected to remain stable at 0.4% m/m.
The European Central Bank (ECB) meeting on Thursday will be the primary focus in Europe. Despite the market currently pricing in another rate hike, the ECB’s decision will be influenced by the persistently high inflation rates and hawkish comments from Lagarde.
Moreover, indications of an economic upswing in the eurozone, despite the recent monetary policy tightening, add to the pressure on the ECB to act.
In the UK, Labour market data, particularly wage growth and its implications for further rate hikes will be closely monitored.
Have your trading charts ready!
This Week’s High Impact Events
The times below are GMT +1.
Monday 13th March
No High Impact Events
Tuesday 14th March
08.00 – UK – Claimant Count Change
Potential instruments to Trade: GBP Crosses.
13.30 – US – CPI m/m, CPI y/y & Core CPI m/m
Potential instruments to Trade: USD Crosses.
Wednesday 15th March
13.30 – UK – Annual Budget Release
Potential instruments to Trade: GBP Crosses.
13.30 – US – Empire State Manufacturing Index
Potential instruments to Trade: USD Crosses.
13.30 – US – Core PPI m/m, Core Retail Sales m/m, PPI m/m & Retail Sales m/m
Potential instruments to Trade: USD Crosses.
22.45 – New Zealand – GDP q/q
Potential instruments to Trade: NZD Crosses.
Thursday 16th March
01.30 – Australia – Employment Change & Unemployment Rate
Potential instruments to Trade: AUD Crosses.
13.30 – US – Philly Fed Manufacturing Index & Unemployment Claims
Potential instruments to Trade: USD Crosses.
14.15 – Europe – Main Refinancing Rate & Monetary Policy Statement
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