Weekly Forecast Forex Trading 12//03 to 16/03 : Top Five Up Coming Event.


Weekly Forecast Forex Trading 12//03 to 16/03 : Top Five Up Coming Event.

 

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Last week , investors got some relieve from trump’s marks on tariff plan.Now the “TRADE WAR ” fear has faded away for some time. Also Canada and Mexico received exemption , which will help Canadian loony and Mexican peso to recover their previous losses. Here are the list of top five upcoming Events on Economic Calendar.  Don’t’ Forget to like our Facebook page. We updates free Forex signals ,every day so stay tune with us.

  1. United States Consumer price index (CPI)

The consumer price index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.

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The commerce department of US set to release its month to month and year to year  CPI numbers at 8:30 am (Eastern time) Tuesday. Market participants are expecting growth of 0.2% in Feb, less than Jan 0.5% , while the core inflation is forecast to inch up 0.2% , a slower than a month earlier , when inflation recorded a gain 0.2% .

Rising inflation could be the main reason behind Fed aggressive rate , currently three rate hikes on the board where a fourth rate hike also possible if inflation keep rising in U.S.

 

  1. U.S Retail Sales

Retail sales measure the change in the total value of sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity. Retail Sales Data(Feb) will be published on Wednesday at 8:30 Am ET. Core retail sales data expect to rose o.3% from 0.0% last month.

Better than expected  retails sales numbers shows expansion in economy , where less than forecast is not good for economy as well as for U.S Dollar. We will update trade ideas on our face book page do not forget to like.

 

  1. Euro Zone CPI

The Euro zone ,  officially called the euro area , is a monetary union of 19 of the 28 European union member states which have adopted the euro as their common currency and sole legal tender.

The euro Zone will publish final inflation figures for February at 6:00 AM ET Friday. The report is expected to confirm that consumer prices rose 1.2% , 0.1 % Slower than the previous month. Final Inflation Figures for Germany , France , Spain and Italy are also due this week.

Last week ECB head Mario Draghi showed his concern over Trump’s Tariff plan. He and other ECB officials are looking to negotiate , if trade war fear stay on the table for long time. It is not good for DAX and other stock markets. Steels and aluminum traders are already expressed their concerns to ECB head. Trade war is not only a big upcoming for EURO Zone but China will be also in trouble. Steel and Aluminum  industry covers major part of Chiness Export.

 

  1. Switzerland national bank monetary policy

Switzerland national bank or SNB is set to its quarterly monetary policy on Thursday at 8:30 AM ET. Market players are expecting no change in their bench market Interest rate  -0.75%. SNB along with Bank of Japan is the only central bank that has negative interest rates.

Negative interest rates are little more complicated than positive rates , suppose you take 100$ loan from the bank at -2% interest rate for one year. At the end of loan term , you repay original loan amount where bank will give you back 2$ as interest you earn on that loan. now you may think why anyone give you loan with negative yield. well , It is done to boost the domestic industry and also to give a kick to demand for the goods. The Negative interest rate encourage the customer to borrow money and expand business.

The SNB is also expected to stick to its commitment to foreign currency interventions if necessary. SNB chairman Thomas Jordan is stated to repeat that the Swiss Franc remains “highly valued” , Despite a brighter economic outlook and recent weakening of the currency.

 

  1. Chine Industrial output

China is set to release February industrial production figures on this Wednesday , Investors are expecting for an increase of 6.3% , better than the recorded 6.2% in January. Please keep in mind we may not trading Chinese Yuan on Forex market but Australian is very much correlated with Chinese economy so any change in chines data has direct influence on Australian data.

 

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