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Forex Market Economic Calendar for Monday 19th March 2018

Forex Market Economic Calendar for Monday 19th March 2018

4 min read 

The forex market economic calendar for today the first trading session of the week 19-23 March 2018 has only a few important economic events related to the economy of the Eurozone, Italy and New Zealand. Overall low to moderate volatility is expected especially for the Euro. During the week there are two important monetary policy decisions, one from the Fed and one from the Bank of England, two very important fundamental events, which can move the US Dollar and the British Pound significantly setting potentially new trends.

These are the main economic event for today in the forex market:

European Session

  1. Italy Industrial Production and Balance of Trade, Eurozone Balance of Trade and Construction Output, Bundesbank Monthly Report

Time: 09:00 GMT, 10:00 GMT, 11:00 GMT

As seen for the chart the Euro Area Balance Of Trade for the past 12 months is having a trade surplus, but with significant volatility. In general a trade surplus for the Balance of Trade is considered positive and supportive for the local currency, the Euro as it indicates increased demand for goods and services denominated in Euros and also capital inflows in the Euro Area. This increased demand for goods and services and capital inflows should lead to the appreciation of the currency.

The forecast is for a figure of 22.6 Billion Euros for the Eurozone Balance of Trade, less than the previous figure of 25.4 Billion Euros, while a higher than expected reading for the Construction Output will also be considered positive for the Euro, indicating a robust Construction Sector. For the economy of Italy the forecast is for a decline of the monthly Industrial Production with a figure of -0.5%, less than the previous figure of 1.6%, and a trade surplus of 4.87 Billion Euros, less than the previous figure of 5.253 Billion Euros, both figures are considered negative for the Euro. The Bundesbank Monthly Report includes economic issues, with a focus on monetary policy, and financial and economic policy issues, which are monitored for analyzing the current economic conditions in Germany, having an influence on the Eurozone as well, as Germany is the largest economy in the Eurozone.

American Session

  1. Fed Bostic Speech

Time: 13:00 GMT

The forex market will weigh on the Fed Bostic Speech, a few days before the US interest rate decision, for insights on the US economy and economic conditions.

Pacific Session

  1. New Zealand Westpac Consumer Confidence

Time: 21:00 GMT

Confidence measure is an indicator of the mood of consumers or business, indicating their expectations on current and future economic conditions. Higher than expected or rising figures are considered positive for the New Zealand Dollar, as they indicate consumer optimism, which may lead to higher consumer spending, a key driver of economic growth.

New Zealand Westpac Consumer Confidence

As seen from the chart, the Consumer Confidence Index is volatile in New Zealand, with an undefined trend, having two consecutive declines.

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NOTE: This article is not an investment advice. Any references to historical price movements or levels is informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future

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