Market Brief March 12th: Major events this week


Good morning Traders! This week is expected to be quite busy with plenty of market catalysts that will get the markets moving. Let’s take a look at the high-ipact events that the week offers.

Monday, March 12, 2018

No high-impact events on the first business day of the week. All markets will be up and running. Volatility is expected to be up during the European and American trading sessions.

 

Tuesday, March 13, 2018

EUR, 10:00 a.m. GMT, German ZEW Economic Sentiment (Mar) – previous reading for February came out at 17.8.

USD, 12:30 p.m.GMT, Core CPI (MoM) (Feb) – last reading for the index that measures inflation was at 0.3%. Expectations are for a decrease in February at 0.2%.

 

Wednesday, March 14, 2018

CNY & AUD, 02:00 a.m. GMT, Industrial Production (YoY) – 6.3% expected versus last reading at 6.2%.

EUR, 08:00 a.m. GMT, ECB President Draghi Speaks –comments made could have significant impact on the euro

USD, 14:30 p.m. GMT, Crude Oil Inventories – projections stand at 2.718M barrels compared to 2.408M change in inventory from last week

Thursday, March 15, 2018

CHF, 08:30 a.m. GMT, SNB Interest Rate Decision – market analyst projections show no expectation of change and the rate to remain negative at -0.75%, same as last time

USD, 12:30 p.m. GMT, Philadelphia Fed Manufacturing Index (Mar) –the U.S. dollar could be influenced in a big way by the actual result. Last time, the index came out at 25.8 while projections for the month of March point to a decrease at 23.2.

 

Friday, March 16, 2018

EUR, 10:00 a.m. GMT, CPI (YoY) (Feb)- the index is expected to remain at 1.2% same as last year’s reading in February.

USD, 12:30 p.m. GMT, Building Permits (Feb)- Permits are expected to fall at 1.330M for the month of February compared to 1.377M for the previous period

 

Bitcoin- both Bitcoin and Ether have been falling hard this previous week. The pioneer in cryptocurrencies traded below $9000 on Friday and Ether wasn’t far behind. Ether has now reached the pivotal area around the $600 level. As traders we have to keep things in perspective. First, we should not be biased as to which way we want the market to go. Our role is to profit from the established market flow and not argue with it. We’re here to make money –that’s it.

 

Wishing you Happy and Successful Trading!

 

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