TC Economic Insight - The Week Ahead (Mar 18 - 22)

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Using Multi-Stock Trading LLC's "Economic Insight" investors can check out up-coming major economic data.

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We are looking into the trading week of March 18 - 22:

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We can select economic data of "High", "Medium" or "Low" importance, or any combination of such filters:

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We can select which economies to focus on:

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The Bank of Japan (BoJ) will decide on interest rates on Tuesday (March 19). According to Multi-Stock Trading LLC's "Economic Insight", the central bank could raise its key interest rate to 0.000% from -0.100%.

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Investors are currently expecting the BoJ to end its negative-interest-rate policy, which has been in place for eight years, considering bigger-than-expected pay hikes (over 5%) by major Japanese companies.

In the past 7 BoJ Interest Rate Decisions, USD/JPY rose in 71% of times (5 out of 7 events) within one hour from the report’s release, marking a trading range of 130.24 pips on average.

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Meanwhile, the U.S. Federal Reserve, the Bank of England and the Reserve Bank of Australia will also set interest rates within the week.

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Key Economic Data Forecasts:

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Monday (March 18)

JP Machinery Orders (JAN) -0.9% MoM

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CN Industrial Production (JAN-FEB) +5.4% YoY

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CN Retail Sales (JAN-FEB) +6.0% YoY

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Fixed Asset Investment (JAN-FEB) +3.1% YoY

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CA Producer Prices (FEB) -2.0% YoY

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Tuesday (March 19)

JP Bank of Japan may raise key interest rate to 0.000%

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AU Reserve Bank of Australia may keep key interest rate unchanged at 4.35%

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DE ZEW Economic Sentiment Index (MAR) to tick up to 21.0

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US Housing Starts (FEB) to increase 7.0% MoM

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US Building Permits (FEB) to dip 0.2% MoM

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CA Inflation Rate (FEB) may tick up to 3.0%

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Wednesday (March 20)

JP Market closed for Vernal Equinox Holiday

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GB Inflation Rate (FEB) expected to slow to 3.5% YoY

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DE Producer Prices (FEB) -3.8% YoY

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US Federal Reserve expected to keep key interest rate unchanged at 5.50%

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Thursday (March 21) 

NZ GDP (Q4) +0.2% YoY

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JP Trade Deficit (FEB) may narrow to 950 billion yen

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JP Exports (FEB) +5.3% YoY 

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AU Unemployment Rate (FEB) to dip to 4.0%

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DE HCOB Manufacturing PMI (MAR) to rise to 44.0

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GB Bank of England expected to keep key Interest rate unchanged at 5.25%

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US Philadelphia Fed Manufacturing Index (MAR) may drop to -4.0

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US Initial Jobless Claims (MAR/16) to tick up to 216,000

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US Existing Home Sales (FEB) -2.5% MoM

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US Conference Board Leading Index (FEB) -0.3% MoM

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Friday (March 22)

JP Core Inflation Rate (FEB) expected to rise to 2.7% YoY

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GB Retail Sales (FEB) -0.5% MoM

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DE Ifo Business Climate Index (MAR) to rise to 86.0

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CA Retail Sales (JAN) +0.1% MoM

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Happy Trading!

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Source: Multi-Stock Trading LLC Economic Insight

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