Markets: Key events in the week ahead – Deutsche Bank

Sandeep Kanihama FXStreet Contributor

According to analysts at Deutsche Bank, it’s going to be a fairly light day for data, with March industry sentiment data in France and the Sentix investor confidence reading for the Euro Area.

Key Quotes

“In the US we'll get February factory orders and final durable and capital goods orders revisions. Elsewhere the ECB's Villeroy is due to speak, while China Premier Li Keqiang is due to travel to Brussels for the China-EU Summit. The annual IMF/World Bank Spring Meetings also kick off.”

“Tuesday: A very quiet day for data releases with the UK's March BRC sales data, and March NFIB small business optimism print and February JOLTS report in the US the only releases of note. The Fed's Clarida speaks in the evening while the IMF's latest World Economic Outlook update is due.”

“Wednesday: The big highlight is the ECB meeting in the early afternoon followed by Draghi's press conference. Not long after that we'll also get the March CPI report in the US. Also high on the agenda will be the emergency EU Brexit Summit. Other data releases of note include February industrial production prints in France and the UK, as well as the February GDP reading in the latter. The March monthly budget statement is also due in the US along with the latest FOMC meeting minutes. The OPEC monthly oil report is due while the US Congressional Committee is due to hold a hearing with chiefs of the biggest US banks on "Holding Megabanks Accountable".”

“Thursday: Inflation releases should be the main focus with March CPI/PPI in China, final March CPI revisions in Germany and France and the March PPI report in the US all due. The latest initial jobless claims reading in the US will also be out. It's also a busy day for Fedspeak with Clarida, Bullard, Quarles, Kashkari and Bowman all due to speak. Meanwhile, South Korea President Moon Jae-in will meet with President Trump. India will also go to the polls.”

“Friday: Another quiet day for data with the February industrial production report for the Euro Area, and March import price index and preliminary University of Michigan consumer sentiment readings in the US due. March trade data in China is also likely to be out at some stage. Away from that the BoE's Carney is due to speak at the IMF/World Bank Spring Meetings.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

AUD/USD flirts with 0.7000, lowest since early August amid bullish USD

AUD/USD hits a fresh low since early August during the Asian session on Friday and looks vulnerable near 0.7000 after breaking below the 200-day SMA overnight. Against the backdrop of the hawkish Fed, a two-day rally in oil prices revives inflation fears and continues to push US bond yields to multi-year highs. Adding to this, geopolitical risks lift the US Dollar to a two-month high, overshadowing RBA rate hike bets and weighing on the pair.

USD/JPY pulls back from three-week high after failing near 159.00

USD/JPY edges lower during the Asian session on Friday, stalling its recent strong move to a three-week high of 159.00 as Japanese Yen bears turn cautious amid intervention fears. Meanwhile, the US Dollar retains a strong bullish undertone as the Fed's hawkish outlook and oil-driven inflation fears continue to push US bond yields to multi-year peaks. Furthermore, the BoJ's dovish rate hike last week might cap JPY and support spot prices.

Gold treads water below $4,300

Gold grabs some buying attention and advances marginally at the end of the week, partially retracing the weekly decline, although it is still navigating below the key $4,300 mark per troy ounce. The fresh selling bias on the Greenback and the modest decline in US Treasury yields appear to support the humble advance in the precious metal.

Crypto Today: Bitcoin and Ethereum edge lower, XRP extends recovery as macro headwinds weigh

The broader cryptocurrency market is consolidating on Friday, with Bitcoin paring losses slightly above $84,000. Ethereum declines in tandem with BTC. Ripple (XRP), meanwhile, paints a different picture.

Fed vs BoJ: Both hiked. The market only believes one of them – and the chart shows which

The Federal Reserve (Fed) and the Bank of Japan (BoJ) have just done something remarkably similar. Both central banks raised interest rates by 25 basis points (bps) last week, both are confronting inflation risks, and both signal that future decisions will depend on incoming economic data.

Fed vs BoJ: Both hiked. The market only believes one of them – and the chart shows which

The Fed and the BoJ have just done something remarkably similar. Both central banks raised interest rates by 25 bps last week, both are confronting inflation risks, and both signal that future decisions will depend on incoming economic data.