Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.
We are looking into the trading week of March 18 - 22:
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:
The Bank of Japan (BoJ) will decide on interest rates on Tuesday (March 19). According to Trading Central's "Economic Insight", the central bank could raise its key interest rate to 0.000% from -0.100%.
Investors are currently expecting the BoJ to end its negative-interest-rate policy, which has been in place for eight years, considering bigger-than-expected pay hikes (over 5%) by major Japanese companies.
In the past 7 BoJ Interest Rate Decisions, USD/JPY rose in 71% of times (5 out of 7 events) within one hour from the report’s release, marking a trading range of 130.24 pips on average.
Meanwhile, the U.S. Federal Reserve, the Bank of England and the Reserve Bank of Australia will also set interest rates within the week.
Key Economic Data Forecasts:
Monday (March 18)
JP Machinery Orders (JAN) -0.9% MoM
CN Industrial Production (JAN-FEB) +5.4% YoY
CN Retail Sales (JAN-FEB) +6.0% YoY
Fixed Asset Investment (JAN-FEB) +3.1% YoY
CA Producer Prices (FEB) -2.0% YoY
Tuesday (March 19)
JP Bank of Japan may raise key interest rate to 0.000%
AU Reserve Bank of Australia may keep key interest rate unchanged at 4.35%
DE ZEW Economic Sentiment Index (MAR) to tick up to 21.0
US Housing Starts (FEB) to increase 7.0% MoM
US Building Permits (FEB) to dip 0.2% MoM
CA Inflation Rate (FEB) may tick up to 3.0%
Wednesday (March 20)
JP Market closed for Vernal Equinox Holiday
GB Inflation Rate (FEB) expected to slow to 3.5% YoY
DE Producer Prices (FEB) -3.8% YoY
US Federal Reserve expected to keep key interest rate unchanged at 5.50%
Thursday (March 21)
NZ GDP (Q4) +0.2% YoY
JP Trade Deficit (FEB) may narrow to 950 billion yen
JP Exports (FEB) +5.3% YoY
AU Unemployment Rate (FEB) to dip to 4.0%
DE HCOB Manufacturing PMI (MAR) to rise to 44.0
GB Bank of England expected to keep key Interest rate unchanged at 5.25%
US Philadelphia Fed Manufacturing Index (MAR) may drop to -4.0
US Initial Jobless Claims (MAR/16) to tick up to 216,000
US Existing Home Sales (FEB) -2.5% MoM
US Conference Board Leading Index (FEB) -0.3% MoM
Friday (March 22)
JP Core Inflation Rate (FEB) expected to rise to 2.7% YoY
GB Retail Sales (FEB) -0.5% MoM
DE Ifo Business Climate Index (MAR) to rise to 86.0
CA Retail Sales (JAN) +0.1% MoM
Happy Trading!
Source: Trading Central Economic Insight
