Trading News to Watch Next Week (18-22 March 2019)

Note that our video contains just a fraction of the leading market events for next week. Discover the full list of upcoming 18-22 March events by reading the full article.

Monday, March 18

 

NZD – Westpac Consumer Sentiment – 4:00 pm (Medium Impact)

Shows the level of a diffusion index based on a survey of about 1500 consumers which asks respondents to rate the relative level of past and future economic conditions, including personal financial situation, climate for major purchases, and overall economic situation.

Above 100.0 indicates optimism, while below that indicates pessimism. The reported value during the previous quarter was 109.1.

AUD – Monetary Policy Meeting Minutes – 8:30 pm (High Impact)

Contains a detailed record of the RBA Reserve Bank Board’s most recent meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates.

Tuesday, March 19

 

GBP – Average Earnings Index 3m/y – 5:30 аm (High Impact)

Shows the change in the price businesses and the government pay for labor, including bonuses.

A value of 3.4% for the previous month slightly dipped below a 3.5% forecast.

GBP – Unemployment Rate – 5:30 аm (Medium Impact)

Shows the percentage of total workforce that is unemployed and actively seeking employment during the past 3 months.

A value of 4.0% for the previous month resonated with the general consensus.

NZD – Current Account – 5:45 pm (Medium Impact)

Tracks the difference in value between imported and exported goods, services, income flows, and unilateral transfers during the previous quarter.

A value of -6.15B clashed with a forecast of -5.94B.

Wednesday, March 20

 

GBP – Parliament Brexit Vote – Tentative (High Impact)

Girl stands at an airport in front of arrows pointing to Brexit and EU

Source: DF Markets

The UK Parliament will vote to decide on passage of the deal triggering Article 50 with European Union. The result will likely be projected before the official vote count is announced, based on early vote counts. A simple majority is needed to pass the bill.

GBP – CPI y/y – 5:30 аm (High Impact)

Monitors the change in the price of goods and services purchased by consumers. The average price of various goods and services are sampled and then compared to the sampling done a year earlier.

A value of 1.8% for the previous month slightly underperformed vs. a 1.9% forecast.

USD – FOMC Economic Projections – 2:00 pm (High Impact)

This report includes the FOMC’s projection for inflation and economic growth over the next 2 years and, more importantly, a breakdown of individual FOMC member’s interest rate forecasts.

USD – FOMC Statement – 2:00 pm (High Impact)

It’s the primary tool the Federal Open Market Committee uses to communicate with investors about monetary policy. It contains the outcome of their vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced their votes. Most importantly, it discusses the economic outlook and offers clues on the outcome of future votes;

USD – Federal Funds Rate – 2:00 pm (High Impact)

Shows the interest rate at which depository institutions lend balances held at the Federal Reserve to other depository institutions overnight. During the event, FOMC members will vote on where to set the target rate. The individual votes will then be published in the FOMC statement.

An interest rate of <2.50% achieved during the previous vote resonated with the forecast.

USD – FOMC Press Conference – 2:30 pm (High Impact)

The press conference is about an hour long and has 2 parts—first a prepared statement is read, then the conference is open to press questions. The questions often lead to unscripted answers that create heavy market volatility.

NZD – GDP q/q – 5:45 pm (High Impact)

Shows the change in the inflation-adjusted value of all goods and services produced by the economy.

A value of 0.3% for the previous quarter failed to meet a 0.6% forecast.

AUD – Employment Change – 8:30 pm (High Impact)

Monitors the change in the number of employed people during the previous month. The report contains vital economic data and is released shortly after the month ends.

An employment change of 39.1K for the previous month crushed a 15.2K forecast.

AUD – Unemployment Rate – 8:30 pm (High Impact)

Shows the percentage of the total workforce that is unemployed and actively seeking employment during the previous month.

An unemployment rate of 5.0% for the previous month confirmed the general consensus.

Thursday, March 21

 

CHF – SNB Monetary Policy Assessment – 4:30 аm (High Impact)

This assessment is the primary tool that the SNB Governing Board uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision.

CHF – SNB Press Conference – 5:00 аm (High Impact)

The press conference is about an hour long and has 2 parts—first a prepared statement is read, then the conference is open to press questions. The questions often lead to unscripted answers that create heavy market volatility.

GBP – Retail Sales m/m – 5:30 аm (High Impact)

Tracks the change in the total value of inflation-adjusted sales at the retail level.

A value of 1.0% for the previous month beat a 0.2% forecast.

EUR – EU Economic Summit – All Day (High Impact)

Due to meet about a range of global economic issues, including Brexit and the economy, in Brussels.

GBP – MPC Official Bank Rate Votes – 8:00 am (High Impact)

The Bank of England’s MPC meeting minutes contain the interest rate vote for each MPC member during the most recent meeting. The breakdown of votes provides insight into which members are changing their stance on interest rates and how close the committee is to enacting a rate change in the future.

The vote is reported in an ‘X-X-X’ format—the first number shows how many MPC members voted to increase interest rates, the second number represents the people who voted to decrease rates, and the third is how many voted to hold rates.

A rate decision of 0-0-9 for the previous month confirmed a forecast of the same value.

GBP – Monetary Policy Summary – 8:00 am (High Impact)

Illuminated city at night with the UK flag as background

Source: DF Markets

It’s among the primary tools the MPC uses to communicate with investors about monetary policy. It contains the outcome of their vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced their votes.

GBP – Official Bank Rate – 8:00 am (High Impact)

Reveals the interest rate at which the Bank of England lends to financial institutions overnight.

A rate decision of 0.75% for the previous month resonated with the general consensus.

Friday, March 22

 

EUR – French Flash Services PMI – 4:15 am (High Impact)

Tracks the level of a diffusion index based on a survey of about 300 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories.

Above 50.0 indicates industry expansion, while below that indicates contraction. An actual value of 49.8 for the previous month slightly came ahead of a 48.6 forecast.

EUR – German Flash Manufacturing PMI – 4:30 am (High Impact)

Tracks the level of a diffusion index based on a survey of about 500 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories.

Above 50.0 indicates industry expansion, while below that indicates contraction. An actual value of 47.6 for the previous month came below a 49.7 forecast.

EUR – German Flash Services PMI – 4:30 am (High Impact)

Tracks the level of a diffusion index based on a survey of about 500 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories.

Above 50.0 indicates industry expansion, while below that indicates contraction. An actual value of 55.1 for the previous month came significantly ahead of a 52.8 forecast.

CAD – German Flash Services PMI – 8:30 аm (High Impact)

Tracks the change in the price of goods and services purchased by consumers. The average price of various goods and services are sampled and then compared to the previous sampling.

A value of 0.1% for the previous month fell just short of reaching a 0.2%  forecast.

CAD – Core Retail Sales m/m – 8:30 аm (High Impact)

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

A value of -0.5% for the previous month resonated with the forecast.

***

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.

Wish to test out your trading strategies without suffering real-life financial losses? Create a DF Trader demo account today to take advantage of real-time market data and a virtual wallet of €10 000.