Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.
We are looking into the trading week of March 4 - 8:
We can select economic data of "High", "Medium" or "Low" importance, or any combination of such filters:
We can select which economies to focus on:
U.S. Federal Reserve Chairman Jerome Powell will make his semiannual monetary policy report to Congress in the coming week.
He will testify before the House on March 6 (Wednesday) and the Senate on March 7 (Thursday).
Investors will certainly focus on Powell’s tone (hawkish or dovish?) to gauge the timing of the Federal Reserve’s first rate cut. Currently they widely expect the central bank to start cutting rates in June.
In the past 4 times when Powell testified in Congress, EUR/USD fell in 75% of times (3 out of 4 events) within one hour from the report’s release, marking a trading range of 59.25 pips on average.
Monday (March 4)
AU Building Permits (JAN) +3.6% MoM
Tuesday (March 5)
JP Tokyo Core Consumer Prices (FEB) +2.4% YoY
CN Caixin Services PMI (FEB) to rise to 53.4
FR Industrial Production (JAN) +0.4% MoM
EA Producer Prices (JAN) -7.4% YoY
US Factory Orders (JAN) -4.9% MoM
US ISM Services PMI (FEB) to decline to 52.9
Wednesday (March 6)
AU GDP (Q4) +1.5% YoY
DE Trade Surplus (JAN) to rise to 22.6 billion euros
EA Retail Sales (JAN) +0.3% MoM
US ADP Employment Change (FEB) +90,000
US Fed Chairman Jerome Powell to Testify Before U.S. House
CA Bank of Canada expected to keep key rate unchanged at 5.00%
CA Ivey PMI (FEB) may ease to 56.0
Thursday (March 7)
AU Trade Surplus (JAN) may rise to A$11.9 billion
CN Trade Surplus (JAN-FEB) may rise to $106.0 billion
CN Exports (JAN-FEB) +3.0% YoY
GB Halifax House Price Index (FEB) +1.0% MoM
EA European Central Bank expected to keep key rate unchanged at 4.5%
US Fed Chairman Jerome Powell to Testify Before U.S. Senate
US Initial Jobless Claims (MAR/02) to increase to 217,000
US Trade Deficit (JAN) may widen to $64.5 billion
CA Trade Deficit (JAN) may widen to C$700 million
Friday (March 8)
JP Household Spending (JAN) -3.9% YoY
DE Industrial Production (JAN) +0.8% MoM
DE Producer Prices (JAN) -7.3% YoY
US Non Farm Payrolls (FEB) +195,000
US Unemployment Rate (FEB) may remain at 3.7%
US Average Hourly Earnings (FEB) +0.3% MoM
Happy Trading!
Source: Trading Central Economic Insight
