The price has bounced up towards our profit target previously. Now we remain bullish above 119.45 support (Fibonacci retracement, horizontal pullback support, and recent swing…
Let’s take a look at the Economic Calendar of potential FX market movers on the last trading day of the week, which happens to be the 10th of March.
German trade balance for January opens this agenda at 7 o’clock in the morning. Surplus expanded by 18.7 billion in December, pushing year’s surplus to almost 253 billion in 2016, which was a record level.
French industrial production for January follows after 45 minutes. Production slipped in monthly terms in the final month of last year and this follows a sharp rise of 2.4 in the month before that.
A batch of UK data is out at 9:30 AM, including trade figures for January. Goods trade deficit narrowed down in December from November’s level of 11.6 billion in the red.
Production data for January is the second of the three releases out at this time. Both industrial and manufacturing productions rose in the final month of last year, but corrections are estimated this time around.
Bank of England quarterly inflation attitudes survey is the final of the three UK releases out at 9:30. The quarterly survey is conducted by TNS on behalf of BoE, and it assesses public attitudes to inflation, opinions about the Bank and awareness of Bank’s work.
We head over the Atlantic for what could potentially be this week’s main driver for the Buck – US Employment report with the NFP stats for February at 1:30 PM GMT. This week’s ADP employment report was strong with a slightly less than 300k increase in private sector employment, a sign for a strong NFP report as well.
The high importance Canadian Labour Force Survey for February is out at the same time. Employment rose by 48 thousand in January, building on gains observed in the latter part of 2016. The unemployment rate declined by point 1 percentage points to 6.8%.
UK NIESR GDP for three months to February will be available at 3 o’clock. According to previous report, output grew by point 7 per cent in the three months ending in January after growth of point 6 per cent in the three months ending in December.
US Federal Budget Balance for February wraps up this agenda at 7 PM.
I’m Jessica Walker and that’s all for Friday’s Economic Calendar. Do click back for Monday’s overview, but for now, goodbye.
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