Week’s main events (March 13 – March 17)

By JustMarkets

On Friday, startup-focused lender SVB Financial Group became the largest bank to collapse since the 2008 financial crisis. The decline in SVB stock, which began Thursday, has spread to other US and European banks. This caused panic among investors, which could intensify if people start withdrawing their deposits from banks on Monday, fearing a 2008 scenario. Therefore, this week the main investors’ attention will be focused on how the situation in the banking sector will develop further. Also, this week, important inflation data will be released in the United States and Europe. The main focus will be on the core CPI data. The UK and Australia will publish their labor market reports, which may affect central banks’ monetary policy. On Thursday, the ECB will hold its monetary policy meeting, at which a 0.5% rate hike is expected.

• – Indian Consumer Price Index (m/m) at 14:00 (GMT+2);
• – Fed emergency closed-door meeting at 17:30 (GMT+2).

• – UK Average Earnings Index (m/m) at 09:00 (GMT+2);
• – UK Claimant Count Change (m/m) at 09:00 (GMT+2);
• – UK Unemployment Rate (m/m) at 09:00 (GMT+2);
• – Switzerland Producer Price Index (m/m) at 09:30 (GMT+2);
• – Spanish Consumer Price Index (m/m) at 10:00 (GMT+2);
• – US Consumer Price Index (m/m) at 14:30 (GMT+2);
• – US FOMC Member Bowman Speaks at 23:20 (GMT+2).

• – Japan BoJ Monetary Policy Meeting Minutes at 01:50 (GMT+2);
• – China Retail Sales (m/m) at 04:00 (GMT+2);
• – China Industrial Production (m/m) at 04:00 (GMT+2);
• – China Unemployment Rate (m/m) at 04:00 (GMT+2);
• – French Consumer Price Index (m/m) at 12:00 (GMT+2);
• – Eurozone Industrial Production (m/m) at 12:00 (GMT+2);
• – UK Annual Budget Release at 14:30 (GMT+2);
• – US Producer Price Index (m/m) at 14:30 (GMT+2);
• – US Retail Sales (m/m) at 14:30 (GMT+2);
• – US NY Empire State Manufacturing Index (m/m) at 14:30 (GMT+2);
• – US Crude Oil Reserves (w/w) at 16:30 (GMT+2);
• – New Zealand GDP (q/q) at 23:45 (GMT+2).

• – Japan Trade Balance (m/m) at 01:50 (GMT+2);
• – Australia Unemployment Rate (m/m) at 02:30 (GMT+2);
• – Italian Consumer Price Index (m/m) at 11:00 (GMT+2);
• – US Building Permits (m/m) at 14:30 (GMT+2);
• – US Initial Jobless Claims (w/w) at 14:30 (GMT+2);
• – US Philadelphia Fed Manufacturing Index (m/m) at 14:30 (GMT+2);
• – Eurozone ECB Interest Rate Decision at 15:15 (GMT+2);
• – Eurozone ECB Monetary Policy Statement at 15:15 (GMT+2);
• – Eurozone ECB Press Conference at 15:45 (GMT+2);
• – US Natural Gas Storage (w/w) at 16:30 (GMT+2).

• – Eurozone Consumer Price Index (m/m) at 12:00 (GMT+2);
• – US Industrial Production (m/m) at 15:15 (GMT+2);
• – US Michigan Consumer Sentiment (m/m) at 16:00 (GMT+2).

by JustMarkets, 2023.03.13

We advise you to get acquainted with the daily forecasts for the major currency pairs.

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

By JustMarkets

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.