Brace yourselves for a riveting week ahead, as we embark on a financial adventure fueled by major economic releases that could trigger waves of opportunities in the markets!
In the spotlight, we have two 🔥 scorching interest rate announcements from the US and UK, poised to make a splash. These releases, closely watched by market participants, could dramatically influence the direction of trading assets and investment strategies.
But that's not all!
Stay tuned as we unravel our selection of the top 5️⃣ must-watch economic events of the week that could serve as the catalysts👇
UK Consumer Price Index (CPI) m/m – Wednesday, March 22nd
📅 The United Kingdom Consumer Price Index (CPI) m/m will be released on Wednesday, March 22 at 9:00 (GMT +2).
📌 The UK Consumer Price Index (CPI) m/m is a vital economic indicator that measures the monthly change in the average prices of a basket of consumer goods and services.
📊 Traders should consider monitoring this release, as it can significantly impact the markets and assets like the $GBP and UK Stocks. Higher-than-expected CPI readings may signal rising inflation, which could prompt the Bank of England to increase interest rates, leading to a stronger $GBP. Conversely, lower readings may indicate subdued inflation, potentially weakening the $GBP against other currencies.
Assets potentially to be affected: $GBP and $UK Stocks 🇬🇧
Federal Reserve (Fed) Interest Rate Decision – Wednesday, March 22nd
📅 Federal Reserve (Fed) interest rate decision will be released on Wednesday, March 22 at 20:00 (GMT+2).
📌 The Federal Reserve (Fed) Interest Rate Decision announces the US central bank's monetary policy stance regarding the federal funds rate. This decision influences the cost of borrowing, impacts various financial instruments, and is a key tool for controlling inflation and managing economic growth.
📊 The Federal Reserve likely will approve a quarter-percentage-point interest rate increase next week, according to market pricing and Wall Street experts. Overall, such a moderate key rate hike at the upcoming Fed meeting in March could positively impact US markets (in particular, the US Dollar, stocks, and Gold will be affected).
Assets potentially to be affected: $USD and $US Stocks 🇺🇸
Bank of England (BoE) Interest Rate Decision – Thursday, March 23rd
📅 On Thursday, March 23, the BoE interest rate decision will be released at 14:00 (GMT+2).
📌 The Bank of England (BoE) Interest Rate Decision represents the UK's central bank's declaration concerning its monetary policy position on the official bank rate. This verdict holds considerable sway in molding borrowing costs, influencing an array of financial instruments, and acting as a vital tool for regulating inflation.
📊 The Bank of England is expected to push through yet another increase in interest rates, one of the key events set to shape a turbulent week for the UK economy. What unfolds will be crucial both for the outlook for the economy, which is struggling to avoid a recession. Also, assets such as $GBP and UK Stocks will be put in motion, so stay tuned for the event and its results.
Assets potentially to be affected: $GBP and $UK Stocks 🇬🇧
United States Core Durable Goods Orders m/m – Friday, March 24th
📅 On Friday, March 24, the US Core Durable Goods Orders m/m will be released at 14:30 (GMT+2).
📌 The United States Core Durable Goods Orders m/m is an essential economic indicator that measures the monthly change in the value of new orders placed for long-lasting manufactured goods, excluding transportation items.
📊 Traders should consider keeping an eye on this release, as it can have notable implications for the markets and assets such as the US Dollar and stocks. A higher-than-expected figure may indicate robust business spending and a strong economy, potentially leading to a firmer US Dollar and boosting stock prices. Conversely, lower readings could signal a slowdown in economic growth, resulting in a weaker US Dollar and dampened stock market sentiment.
Assets potentially to be affected: $USD and $US Stocks 🇺🇸
S&P Global Manufacturing & Services PMI – Friday, March 24th
📅 US S&P Manufacturing & Services PMI will be released on Friday, March 24, at 15:45 (GMT +2).
📌 The US S&P Manufacturing & Services PMI is a composite index that measures the performance of both the manufacturing and service sectors in the United States, based on data collected from purchasing managers in private sector companies.
📊 This release is important because it provides valuable insights into the overall health of the US economy and the business environment. Traders should follow it as it can have significant implications for market sentiment, with strong PMI readings often leading to a bullish outlook for the US Dollar and stocks. Conversely, weaker readings can create downward pressure on these assets, making the PMI a key indicator for trading strategies and decision-making.
Assets potentially to be affected: $USD and $US Stocks 🇺🇸
That's it for this week! 👋
