Here is the Weekly Report by FXPrimus!

THIS WEEK’S INDICATORS

DOLLAR appreciated against most majors despite a light week on the economic calendar amid a substantial upward movement in the US Treasury Yields following FOMC minutes.

This week is full of political appearances, hence, trading is likely to be quite speculative with the focus shifting to new Fed Chair Powell’s speech.

US and Japanese data to provide directional bias.

February 26th, Monday

Draghi’s testimony on Monetary Policy and Inflation outlook to dominate EU markets.

A somewhat quiet session on the economic indicators side with the most significant event being the US New Home Sales at 15:00 GMT.

Volatility is expected around Draghi, Cunliffe and Quarles’s speeches.

February 27th, Tuesday

Fed Chair Powell’s speech speculation-led while DOLLAR seeks directional bias.

Tuesday will be characterized by high volatility as data in Europe and the US will dominate the session.

In Europe, a number of CPIs are expected as well as Weidmann’s speech, in the US, markets look forward to the Durable Goods Orders and the CB Consumer Confidence.

On the political front, Fed Chair Powell’s testimony on Semiannual Monetary Policy is the day’s highlight.

February 28th, Wednesday

European Inflation and US Growth in focus as markets look for guidance.

Volatility in the session will kick-in early in the Asian session with New Zealandian Business Confidence and the Chinese PMIs.

In Europe, a number of CPIs will be due as well as the European Flash CPI figures.

In the US, market participants will look forward to the Prelim GDP growth as well as the Chicago PMI and the Pending Home Sales.

Later in the session, EIA will deliver the weekly stocks report.

March 1st, Thursday

PMIs and Fed’s favorite Inflation measure (PCE) to dominate, Powell second testimony.

RBA is expected to publish its quarterly Capital Expenditure and China the Caixin PMI early the Asian session.

In Europe, we are expecting an array of CPIs and Jobs reports as well as UK’s Manufacturing PMI at 09:30 GMT.

In the US, BEA will release Fed’s favorite Inflation measure, the PCE report, at 13:30 GMT while at 15:00 ISM will report the monthly PMI Manufacturing figures.

At the same time, Fed Powell’s will testify on the Semiannual Monetary Policy report for his second time in the week.

March 2nd, Friday

A UK-heavy session with May and Carney in the spotlight, Canadian GDP in focus.

The closing of the week will provide investors with clues as May’s speech “Road to Brexit” is expected to set-out the way moving forward.

At 10:00, BoE’s Carney will also speak but his speech will be about the evolution of money and the emergence of cryptocurrencies.

The session is expected to be volatile around the release of the Canadian GDP at 13:30 GMT, and with a least significant impact, also at 15:00 GMT, when the Revised UoM Consumer Sentiment report will be published.