The market’s focus is firmly on Fed Chair Powell’s two-day testimony before the U.S. congress (on Tuesday and Wednesday) and the February jobs report (due on Friday) that will likely dictate the path of the U.S. central bank for the near future.
While investors have come to accept (sort of) that the Fed will likely keep interest rates higher for longer, there are fresh fears that strong economic data will lead the central bank to go back to jumbo hikes.
The market largely expects Powell to be hawkish this week but given his testimony comes before the jobs report is released, he will likely aim to keep all options open.
Over in China, the country’s leadership set a 5% target for economic growth this year, which analysts called conservative and pragmatic, as they kicked off the annual session of the National People’s Congress.
Cues on regional monetary policy are also due this week, with central bank meetings in Australia and Japan.
Have your trading charts ready!
This Week’s High Impact Events
The times below are GMT +2.
Monday 6th March
17.00 – Canada – Ivey PMI
Potential instruments to Trade: CAD Crosses.
Tuesday 7th March
05.30 – Australia – Cash Rate & RBA Rate Statement
15.30 – US – Average Hourly Earnings m/m, Non-Farm Employment Change, & Unemployment Rate
Potential instruments to Trade: USD Crosses.
If you have any questions or require any assistance, please contact one of our support team members via our Live Chat or email [email protected].
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Предупреждение о риске: наши объекты трейдинга торгуются на маржине и имеют высокий составляющий уровень риска, включая возможность утраты всего вашего капитала. Данные объекты могут являться не подходящими для вас , и вы должны убедиться, что понимаете все риски. Полное раскрытие.
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