Trading News to Watch Next Week (11-15 March 2019)

Our video features some, but not all, of the leading market events for next week. Explore the full list of 11-15 March events in our detailed report.

Monday, March 11

 

USD – Core Retail Sales m/m – 7:30 аm (High Impact)

Shows the change in the total value of sales at the retail level, excluding automobiles.

A retail sales change of -1.8% for the previous month failed to meet a 0.0% forecast.

USD – Retail Sales m/m – 7:30 аm (High Impact)

Tracks the change in the total value of sales at the retail level. This is the earliest and broadest look at vital consumer spending data.

A retail sales change of -1.2% for the previous month failed to meet a 0.1% forecast.

GBP – MPC Member Haskel Speaks – 8:00 аm (Medium Impact)

Due to speak at the University of Birmingham. Bank of England MPC members vote on where to set the nation’s key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.

USD – Fed Chair Powell Speaks – 7:00 pm (High Impact)

Due to deliver opening remarks at the National Community Reinvestment Coalition’s Just Economy Conference in Washington DC. As head of the central bank, which controls short term interest rates, Jerome Powell has more influence over the nation’s currency value than any other person. Traders scrutinise his public engagements as they are often used to drop subtle clues regarding future monetary policy.

Tuesday, March 12

 

GBP – GDP m/m – 4:30 am (High Impact)

Shows the change in the total value of all goods and services produced by the economy.

A value change of -0.4% for the previous month underperformed vs. a 0.0% forecast.

GBP – Manufacturing Production m/m – 4:30 am (High Impact)

Monitors the change in the total inflation-adjusted value of output produced by manufacturers. Manufacturing makes up around 80% of total industrial production and tends to dominate the market impact.

A value change of -0.7% for the previous month did not meet analysts’ expectations of 0.2%.

USD – CPI m/m – 7:30 am (High Impact)

Tracks the change in the price of goods and services purchased by consumers.

USD – Core CPI m/m – 7:30 am (High Impact)

Measures the change in the price of goods and services purchased by consumers, excluding food and energy. Food and energy prices account for about a quarter of CPI, but they tend to be very volatile and distort the underlying trend.

A price change of 0.2% for the previous month remained consistent with the forecast.

USD – FOMC Member Brainard Speaks – 8:45 am (Medium Impact)

Due to deliver a speech titled “Community Reinvestment Act Modernization” at the National Community Reinvestment Coalition’s Just Economy Conference in Washington DC. Federal Reserve FOMC members vote on where to set the nation’s key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.

Wednesday, March 13

 

GBP – Annual Budget Release – Tentative (High Impact)

Monetary policy report (Bank of Japan, 2019)

Source: DF Markets

This document outlines the government’s budget for the year, including expected spending and income levels, borrowing levels, financial objectives, and planned investments.

USD – Core Durable Goods Orders m/m – 7:30 am (High Impact)

Shows the change in the total value of new purchase orders placed with manufacturers for durable goods, excluding transportation items.

A value change of 0.1% for the previous month slightly underperformed vs. a 0.3% forecast.

USD – PPI m/m – 7:30 am (High Impact)

Tracks the change in the price of finished goods and services sold by producers. The index acts as a leading indicator of consumer inflation—when producers charge more for goods and services the higher costs are usually passed on to the consumer.

A price change of -0.1% for the previous month slightly dipped under a 0.1% forecast.

CNY – Fixed Asset Investment ytd/y – 9:00 pm (Medium Impact)

Tracks the change in the total spending on non-rural capital investments such as factories, roads, power grids, and property. This measurement is a leading indicator of economic health—changes in private and public investment levels can be an early signal of future economic activity such as hiring, spending, and earnings.

A spending change of 5.9% for January slightly dipped below a 6.0% forecast.

CNY – Industrial Production y/y – 9:00 pm (Medium Impact)

Represents the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities. Chinese data can have a broad impact on the currency markets due to China’s influence on the global economy and investor sentiment.

A value change of 5.7% for January outperformed a 5.3% forecast.

Thursday, March 14

 

CAD – Gov Council Member Wilkins Speaks – 5:50 pm (Medium Impact)

Due to speak about risks to global growth at the Vancouver School of Economics. Audience questions are expected. Bank of Canada Governing Council members are responsible for setting the nation’s key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.

JPY – BOJ Gov Kuroda Speaks – Tentative (High Impact)

Due to speak at the B20 Tokyo Summit. As head of the central bank, which controls short-term interest rates, Haruhiko Kuroda has important influence over the nation’s currency value. Traders scrutinise his speeches as they are often used to drop subtle clues regarding future monetary policy and interest rate shifts.

JPY – Monetary Policy Statement – Tentative (High Impact)

Source: DF Markets

The statement is among the primary tools the Bank of Japan uses to communicate with investors about monetary policy. It contains the outcome of their decision on asset purchases and commentary about the economic conditions that influenced their decision. Most importantly, it projects the economic outlook and offers clues on the outcome of future votes.

Friday, March 15

 

JPY – BOJ Press Conference – Tentative (High Impact)

The press conference is among the primary methods the BOJ uses to communicate with investors regarding monetary policy. It covers the factors that affected the most recent interest rate decision, the overall economic outlook, inflation, and clues regarding future monetary policy.

CAD – Manufacturing Sales m/m – 7:30 am (Medium Impact)

Reflects the change in the total value of sales made by manufacturers.

A value change of -1.3% for the previous month significantly fell behind a 0.3% forecast.

USD – Prelim UoM Consumer Sentiment – 9:00 am (Medium Impact)

Tracks the level of a composite index based on a survey of about 500 consumers which asks respondents to rate the relative level of current and future economic conditions.

An index value of 95.5 for the previous month outperformed a 93.3 forecast.

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Missed our previous report? Visit us here to catch up on last week’s top news. While you’re at it, don’t forget to also visit our economic calendar for extra details regarding each event.

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