The Week Ahead: 27th – 31st March 2023

Overview for the Week Ahead

Investors will be hoping for some stability to return to markets roiled by bank failures in the coming week as they weight the ongoing fallout from the forced UBS-Credit Suisse tie-up.

Upcoming U.S. data could show how much the market turmoil is making recession more likely. Eurozone inflation data and PMI data out of China will also be in focus.

Reads on consumer confidence from The Conference Board and the University of Michigan will pick up some initial readings on how the current banking crisis is affecting average Americans.

As a tumultuous first quarter draws to a close, investors are looking ahead to what Q2 might bring.

The Eurozone is to release what will be closely watched inflation data on Friday and while headline inflation is expected to slow, the underlying rate of inflation, which strips out volatile elements including food and fuel prices, is expected to accelerate.

The European Central Bank raised interest rates by 50 basis points earlier this month to 3% but some policymakers are now calling for more cautious steps as past rate hikes are now taking hold and the economy is starting to respond.

With all these reports and more, have your trading charts ready!

This Week’s High Impact Events

The times below are GMT +3.

Monday 27th March

  • 20.00 – UK – BoE Gov Bailey Speaks

Potential instruments to Trade: GBP Crosses. 

Tuesday 28th March

  • 11.45 – UK – BoE Gov Bailey Speaks

Potential instruments to Trade: GBP Crosses. 

  • 17.00 – US – CB Consumer Confidence & Richmond Manufacturing Index

Potential instruments to Trade: USD Crosses. 

Wednesday 29th March

  • 03.30 – Australia – CPI y/y

Potential instruments to Trade: AUD Crosses. 

  • 17.00 – US – Pending Home Sales m/m

Potential instruments to Trade: USD Crosses. 

Thursday 30th March

  • All-Day – Europe – German Prelim CPI m/m

Potential instruments to Trade: EUR Crosses. 

  • 15.30 – US – Unemployment Claims & Final GDP q/q

Potential instruments to Trade: USD Crosses. 

  • 19.00 – Switzerland – Gov Board Member Maechler Speaks

Potential instruments to Trade: CHF Crosses. 

  • 22.45– US – Treasury Sec Yellen Speaks

Potential instruments to Trade: USD Crosses. 

Friday 31st March

  • Tentative – Europe – ECB President Lagarde Speaks

Potential instruments to Trade: EUR Crosses. 

  • 12.00 – Europe – CPI Flash & Core Flash Estimate y/y

Potential instruments to Trade: EUR Crosses. 

  • 16.45 – US – Chicago PMI, Revised UoM Consumer Sentiment

Potential instruments to Trade: USD Crosses. 

If you have any questions or require any assistance, please contact one of our support team members via our Live Chat or email [email protected].

We are Errante. Trading made personal.

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To find out more about Errante, visit https://errante.com/.

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