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!
Risk Warning: The information above constitutes Marketing Communication and does not constitute Investment Advice or Investment Research. The content of the analysis represents the view of our experts on a generic basis, and do not take into consideration individual readers personal circumstances, investment experience or current financial situation. In addition, the analysis above has not been prepared in accordance with legal requirements designed to promote the independence of Investment Research. Readers using the above information should consider the possibility of encountering substantial losses. Therefore, UR Trade Fix Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the above analysis.” Further to the above ,Forex Trading involves a substantial Risk of Loss and may not be suitable for all Investors. Please see our Website for details regarding UR Trade Fix Limited’s Trading Terms, Policies and Offerings.Read more.