OverviewThe USD/JPY pair has been fluctuating sideways in a tight range since yesterday. According to the chart, the price draws bullish pattern, which signs appear…
Let’s take a look at the potential FX market movers scheduled for Tuesday, 21st of March.
Swiss trade balance opens this agenda at 7 o’clock in the morning. Surplus surprised on upside in the opening month of this year, but a correction is expected in this publication for February.
It will be busy for Sterling traders at 9:30 as a batch of releases regarding UK economy for February are out, including the high importance CPI stats. Consumer price growth accelerated to 1.8% in January, which was the highest level since mid-2016 on rising motor fuels costs.
PPI is the second of the three items scheduled at this time. Both input and output prices continued gaining ground in the year’s opening month.
Public sector finances wrap up the UK data run at 9:30. Net borrowing excluding public sector banks was in surplus by 9.4 billion in January, a point 3 billion larger surplus than a year ago and this is the highest January surplus since 2000.
UK CBI Industrial Trends Survey for March follows at 11 AM. Balance remained in the positive territory in February, rising from January’s level of plus 5.
A couple of publications are scheduled at a half past noon GMT, including the US fourth quarter current account. Deficit decreased to 113 billion in q3 from 118.3 billion in the second quarter. It translates into 2.4% of GDP, down from 2.6% a quarter earlier.
Loonie Dollar traders should keep an eye out for the second item scheduled at this time and it’s the high importance Canadian retail sales for January. Four monthly advances were followed by a correction of a half a percent in the final month of 2016. There were just two categories showing increases – Gas stations and building material, garden equipment and supplies dealers.
Australian Westpac-MI leading index for February is up next at 11:30 PM GMT. The six month annualized growth rate in the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, down from 1.36% in December to 1.30% in January.
Provisional Japanese Trade Balance for February follows at ten to midnight. Trade deficit expanded sharply in January to almost 1.1 trillion Yen as sales of vehicles to Europe and US fell.
Japanese all industry index for January wraps up this agenda at 4:30 AM. Activity slowed down by point 3% in December, partially wiping out the upwardly revised gain of point 4% posted in November.
I’m Jessica Walker and this wraps up the Economic Calendar for Tuesday. Click back for Wednesday’s report, but for now, goodbye.
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