IronFX’s expert has published the report for the upcoming week!
This article is originally referred from IronFX News - Peter Iosif.
US Inflation data, UK’s Spring Statement, US and China’s Industrial Production, New Zealand’s GDP and Eurozone’s final inflation forecasts for February in focus.
Next week’s market movers
- US Inflation Data are expected to move the market on Tuesday.
- New Zealand’s GDP figures could grab the market’s attention on Wednesday.
- Eurozone’s inflation data are also set to get some attention on Friday.
On Monday, no major events are expected.
On Tuesday, during the Asian morning, Japan’s Corporate Goods Prices rate for February is due out. The rate is forecasted to decelerate to +0.2% month on month (mom) compared to previous reading of +0.3% mom.
Should the actual results meet the forecast JPY could weaken albeit the market’s reaction maybe somewhat muted as the difference is small. However, the indicator is important for the Japanese economy as manufacturing could be characterized as its main sector and any increase in producer’s prices could indirectly affect the inflation rate.
Also on Tuesday, UK’s spring statement will be delivered by Chancellor Philipp Hamond. The statement is expected to be rather short, however it should contain information about UK’s Debt and growth prospects. In the 2018 Spring statement there could be some surprises as media have suggested that UK’s debt may have decreased more than expected by 11b GBP. In any case the speech could move the GBP under certain circumstances and we would like to give a heads up about the even.
Later, in the North American session…
Check out the full report by IronFX from below!
Original Source: IronFX News - Peter Iosif