A week packed full of announcements

March 12, 2018

A stack of information published this week should ensure some volatility for markets around the world.

The EUR/USD pair had a mainly stable night of trading, weakening in the lead up to the US Non-Farm Payroll figure. It hit session lows of $1.22719 just before the NFP figure, but began to strengthen upon release. It then reached session highs in the two hours following the release, peaking at $1.23337. It is now currently trading at $1.23091. The GBP/USD was very different. It hit session lows of $1.37869 early before steadily climbing. It reached session highs of $1.38883 but then gave up some of those gains to now be trading at $1.38532.

The Dow had a solid night of trading. After a flat start to the session, dropping to session lows of 24,835.40, the Dow took off when the NFP figure was released. It rallied over 400 points to end the session at 25,333.26. It has had a leg-up this morning, currently trading at 25,413.00. The Dax posted some solid gains as well in the last trading session. After reaching session lows of 12,281.53 in early trading, it followed the Dow in climbing upwards when the NFP data was released. It got to session highs of 12,411.35, then gave a chunk of gains before recovering again to where it is currently trading at 12,372.10.

Plenty of vital data set for release this week. The data released today and the most significant data published this week include:

Today – Japanese BSI Manufacturing Index & Prelim Machine Tool Orders, Eurogroup Meetings, US Federal Budget Balance, NZ FPI

Tuesday – UK Annual Budget Balance, US CPI & Core CPI, BoC Governor Stephen Poloz speaks

Wednesday – China Industrial Production, US Retail & Core Retail Sales, US Crude Oil Inventories & PPI, ECB President Mario Draghi speaks, NZ GDP

Thursday – US Import Prices, Unemployment Claims & Empire State Manufacturing Index

Friday – US Building Permits & Housing Starts, European Final CPI


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