Monday

None

Tuesday

7am – UK unemployment data: January unemployment rate to fall to 4%. Claimant count to fall by 33,000. Markets to watch: GBP crosses

10am – German ZEW index (March): index to fall sharply, to 44.6 from 54.3. Markets to watch: EUR crosses

12.30pm – US Empire state mfg index (March): index to rise to 8. Markets to watch: USD crosses

11.50pm – Japan trade balance (February): exports rose by 9.6% in January. Markets to watch: JPY crosses

Wednesday

12.30pm – Canada CPI (February): expected to rise 5.2% YoY. Markets to watch: CAD crosses

12.30pm – US retail sales (February): sales to rise 0.6% MoM. Markets to watch: USD crosses

2.30pm – US EIA crude oil inventories (w/e 11 March). Markets to watch: Brent, WTI

6pm – FOMC rate decision: interest rates to rise to 0.5%, moving away from 0.25% for the first time since early 2020, and to go up for the first time since 2018. Given the volatility in markets and the surge in commodity prices, the economic projections and their expectations around further rate rises will be crucial for markets. Markets to watch: US indices, USD crosses

Thursday

12.30am – Australia employment data (February): unemployment rate to fall to 4.1%. Markets to watch: AUD crosses

12pm – Bank of England meeting: interest rates to rise to 0.75%, but the voting around the increase will be worth watching. Markets to watch: GBP crosses

12.30pm – US housing starts & building permits (February), Philadelphia Fed index (March), initial jobless claims (w/e 12 March): starts to fall 2.3% and permits to rise by 0.6%, while the Philadelphia Fed index rises to 18. Initial claims to drop to 200,000. Markets to watch: US indices, USD crosses

11.30pm – Japan CPI (February): prices to rise 0.6% YoY. Markets to watch: JPY crosses

Friday

3am – BoJ rate decision: no change in rates from current -0.1% expected. Markets to watch: JPY crosses

2pm – US existing home sales (February): expected to fall 0.2% MoM. Markets to watch: USD crosses