The Week Ahead: 20th – 24th March 2023
Overview for the Week Ahead
The focus of attention next week will be on monetary policy, as the Fed is scheduled to hold a two-day meeting starting on Tuesday, and an announcement regarding interest rates is anticipated on Wednesday.
Keeping an eye on the UBS negotiation on purchasing the Credit Suisse bank, which will have a significant impact into calming down the banking crisis or spreading the panic in case things won’t work as planned.
Busy week for the Fed officials as they will also release updated projections of inflation, unemployment and economic output, and Chair Jerome Powell will be holding a news conference.
The National Association of Realtors will report the sales of new and existing home sales for February, expecting a continuous decline.
Within the week, we will receive the latest inflation readings from the U.K., Canada and Japan, which will give a global view of the Inflation hit that countries are facing.
On Friday, S&P Global is going to release the March business-activity surveys of purchasing managers from around the world.
The February surveys showed activity improved in China, the U.S. and the eurozone.
Have your trading charts ready!
This Week’s High Impact Events
The times below are GMT +1.
Monday 20th March
No High Impact Events
Tuesday 21st March
- 13.30 – Canada – CPI m/m, Median/Trimmed/Common CPI y/y
Potential instruments to Trade: CAD Crosses.
- 13.30 – Europe – ECB President Lagarde Speaks
Potential instruments to Trade: EUR Crosses.
- 15.00 – US – Existing Home Sales
Potential instruments to Trade: USD Crosses.
Wednesday 22nd March
- 08.00 – UK – CPI, PPI Input/Output & RPI
Potential instruments to Trade: GBP Crosses.
- 19.00 – US – FOMC Economic Projections, FOMC Statement & Federal Funds Rate
Potential instruments to Trade: USD Crosses.
- 19.30 – US – FOMC Press Conference & Federal Funds Rate
Potential instruments to Trade: USD Crosses.
Thursday 23rd March
- 09.30 – Switzerland – SNB Policy Rate & SNB Monetary Policy Assessment
Potential instruments to Trade: CHF Crosses.
- 13.00 – UK – MPC Official Bank Rate Votes, Monetary Policy Summary & Official Bank Rate
Potential instruments to Trade: GBP Crosses.
- 13.30 – USD – Unemployment Claims
Potential instruments to Trade: USD Crosses.
Friday 24th March
- 09.15 – Europe – French Flash Services PMI & French Flash Manufacturing PMI
Potential instruments to Trade: EUR Crosses.
- 09.30 – Europe – German Flash Services PMI & German Flash Manufacturing PMI
Potential instruments to Trade: EUR Crosses.
- 10.30 – UK – Flash Manufacturing PMI & Flash Services PMI
Potential instruments to Trade: GBP Crosses.
- 14.45 – US – Flash Manufacturing PMI & Flash Services PMI
Potential instruments to Trade: USD Crosses.
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