The week ahead: 13-17 March

While article 50 is still looming, February has been the best month for job growth since the Obama era and the US economy is going from strength to strength.
While article 50 is still looming, February has been the best month for job growth since the Obama era and the US economy is going from strength to strength.

Spring is officially here! Believe it or not!

Last week we saw main events like the ECB press-conference, and Non-farm payroll report. The non-farm payroll report came in line with expectations. It was a strong week for the dollar, as investors have been very optimistic about Tuesday’s rate hikes. But the question is how many times will the Fed increase the interest rates this year?

The week ahead is packed with data that will trigger the markets. While article 50 is still looming, February has been the best month for job growth since the Obama era and the US economy is going from strength to strength.

Surprisingly, investors are now keen on Trump’s administration and are looking forward to a stronger economy in the coming months. And they might be right, as the economic trends depicted a healthy economy so far. Well, in this case, Trump will not retain himself from his tweeting skills. ‘’Great news. We are only just beginning. Together we are going to #MAGA!’’ he tweeted last Wednesday after the positive estimates expected from the non-farm payroll report. Back to ‘Brexit land’, markets seem to be in turmoil. The British people are witnessing a ‘’ping-pong’’ game and things are only getting more complicated for the markets too. The big question is when Theresa May will trigger Article 50? Not far from ‘Brexit land’, uncertainty is growing. ‘’It will be a total disaster’’ if Marine Le Pens wins the elections, said Gerard Araud, France’s ambassador to the United States. Will we see another upset victory again this year, only time will tell!

On this note let’s have a look at the most important data for this week:

The week ahead – 13th – 17th March

Monday

  • 13:30 ECB President Mario Draghi Speech

Tuesday

  • 07:00 Eurozone German CPI (MoM) (Feb)
  • 07:00 Eurozone German CPI (YoY) (Feb)
  • 10:00 Eurozone German ZEW Current Conditions (Mar)
  • 10:00 Eurozone German ZEW Current (Mar)
  • 12:30 USD Core PPI (MoM) (Feb)
  • 12:30 USD PPI (Mom) (Feb)
  • 14:30 UK CB Leading Index (MoM)

Wednesday

  • Dutch Election – Voting Day (results announced overnight)
  • 09:30 UK Average Earnings Index + Bonus (Jan)
  • 09:30 UK Claimant Count Change (Feb)
  • 09:30 UK Unemployment Rate (Jan)
  • 30 USD Consumer Price Index (YoY) (Feb)
  • 00 FOMC Economic Projections
  • 00 Fed’s Monetary Policy Statement
  • 00 Fed’s Interest Rate Decision
  • 30 FOMC Press Conference

Thursday

  • 10:00 Eurozone CPI (YoY) (Feb)
  • 10:00 Eurozone CPI (MoM) (Feb)
  • 12:00 UK BoE MPC Vote Cut (Mar)
  • 12:00 UK BoE MPC Vote Hike (Mar)
  • 12:00 UK BoE MPC Vote unchanged (Mar)
  • 12:00 UK BoE QE Total (Mar)
  • 12:00 UK BoE Interest Rate Decisions (Jan)
  • 12:00 USD Building Permits (Feb)
  • 12:00 USD Housing Starts (Feb
  • 12:30 USD Philadelphia Fed Manufacturing Index (Mar)
  • 30 USD Initial Jobless Claims (Feb)

Friday

  • 13:15 USD Industrial Production (MoM) (Feb)
  • 14:00 USD Michigan Consumer Sentiment (Mar) ECB President Mario Draghi Speech