Unemployment Claims in the US and MPC Rate Statement in the UK re the major market-movers. Let see what awaits us today.
In the US, Trade Balance, value the difference between imported and exported goods and services, -42.8B is likely now from -38.5B on the last month.
Later in the US, Unemployment Claims, weekly indicator to value the individuals that filed for unemployment insurance for the first time, 356K is forecasted now from 344K on the last report.
Also in the US, Bank Stress Test Results, report to help to determine the banks’ stability and ability to repay government loans.
More in the US, Revised Nonfarm Productivity, value the labor efficiency for goods and services producing (without the farming industry), -1.5% is predicted now from -2.0% on the last quarter.
Finally in the US, Jerome Powell, Federal Reserve Governor is due to speak in Washington DC.
In Canada, Trade Balance, shows the difference between imported and exported goods, -0.6B is likely now from -0.9B on February.
Also in Canada, Building Permits, value the new building permits that were issued over the last month; rise up to 5.4%is due from -11.2% on the last time.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, European Central Bank (ECB) Press Conference, ECB primary method to communicate with investors on financial policy. Meanwhile on the Minimum Bid Rate 0.75% is due with no change from the last time.
Later in Europe, German Factory Orders, in the manufacturer’s total Change value of new purchase orders, 0.6% is estimated now from 0.8% on February
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Monetary Policy Committee (MPC) Rate Statement, the MPC primary tool uses to communicate with investors on monetary policy and discusses the economic outcome of future votes. And on the Official Bank Rate now change is due from the last time and 0.50% is likely to remain.
Later in Great Britain, Asset Purchase Facility, value the total money that the BOE will create and use for acquisition assets in the open market, 375B is due with no change from the last time.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, Foreign Currency Reserves, calculate the foreign currency reserves that is held by the Swiss National Bank (SNB), 427.0B is likely similar to the last month.
Read more about the Swiss franc in the USD/CHF forecast.
In Australia, Trade Balance, value the difference in between imported and exported goods and services, -0.51B is forecasted now similar to the previous month.
For more on the Aussie, read the AUD/USD forecast.
In Japan, Monetary Policy Statement, Bank communicate tool with investors for monetary policy and projects the economic outcome of future rate decisions. On the Overnight Call Rate no change is due and 0.10% is due to remain. And it is usually followed by a BOJ Press Conference.
Later in Japan, Current Account shows the difference between imported and exported goods, services and so on, 0.11T is estimated now from 0.10T on February.
Finally in Japan, Final Gross Domestic Product (GDP), value of all goods and services produced by the economy, -0.1% is due now with no change from the last quarter.
Read more about the yen in the USD/JPY forecast.
Trade well