TC Economic Insight - The Week Ahead (Feb 26 - Mar 1)

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

We are looking into the trading week of February 26 - March 1:

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

We can select which economies to focus on:

On February 13 (Tuesday), U.S. data showed hotter-than-expected inflation in January, dampening market sentiment and weighing on stocks on that day.  

Since then, investors have largely expected the Federal Reserve not to cut interest rates in March.

February 29 (Thursday) will see the release of another set of inflation data which investors should watch closely.

According to Multi-Stock Trading LLC's "Economic Insight", U.S. Core Personal Consumption Expenditure (PCE) Price Index, the Fed’s favorite inflation gauge, is stable at 2.9% on year in January.

In the past 12 U.S. Core PCE Price Index Reports, EUR/USD fell in 67% of times (8 out of 12 events) within one hour from the report’s release, marking a trading range of 48.08 pips on average.

Forecasts of Key Economic Data:

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Monday (February 26)

US New Home Sales (JAN) +0.9% MoM

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US Dallas Fed Manufacturing Index (FEB) to improve to -8.0

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EA ECB President Lagarde Speech

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Tuesday (February 27)

JP Inflation Rate (JAN) to slow to 2.1% YoY

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JP Core Inflation Rate (JAN) to slow to 1.8% YoY

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DE GfK Consumer Confidence (MAR) to tick up to -28.0

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FR Consumer Confidence (FEB) to climb to 92

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US Durable Goods Orders (JAN) -4.0% MoM

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US Richmond Fed Manufacturing Index (FEB) to rise to 3

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US CB Consumer Confidence (FEB) to tick up to 115.0

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Wednesday (February 28)

AU CPI (JAN) +3.2% YoY

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NZ New Zealand Central Bank expected to keep key rate unchanged at 5.50%

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US GDP Growth Rate (Q4, 2nd Est) +3.3% QoQ 

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Thursday (February 29) 

JP Industrial Production (JAN) -5.0% MoM

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JP Retail Sales (JAN) +0.6% MoM

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AU Retail Sales (JAN) +1.5% MoM

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DE Retail Sales (JAN) +0.7% MoM

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GB Nationwide Housing Prices (FEB) +0.3% MoM

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FR Inflation Rate (FEB) to slow to 2.9% YoY

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DE Unemployment Rate (FEB) to climb to 5.9%

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DE Inflation Rate (FEB) to slow to 2.7% YoY

US Core PCE Price Index (JAN) to remain at 2.9%

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US Initial Jobless Claims (FEB/24) to increase to 210,000

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CA GDP Growth Rate (Q4) Annualized +1.1%

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US Chicago PMI (FEB) to rise to 49

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Friday (March 1)

NZ Building Permits (JAN) +1.8% MoM

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JP Unemployment Rate (JAN) to remain at 2.4%

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CN Official Manufacturing PMI (FEB) to edge up to 49.3

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CN Official Non-Manufacturing PMI (FEB) to edge up to 50.8

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CN Caixin Manufacturing PMI (FEB) to tick up to 50.9

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EA Unemployment Rate (JAN) to edge up to 6.5%

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EA Inflation Rate (FEB) to slow to 2.5% YoY

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US ISM Manufacturing PMI (FEB) to rise to 49.5

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Happy Trading!

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Source: Multi-Stock Trading LLC Economic Insight

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