Weekly Outlook 09.03.2021 – 15.03.2021
What do we expect the following week? You can find below the scheduled announcements and reports?

News and Comments
March 9th:
– At 9:00, the change Final Gross Domestic Product figure for Japan is going to be released. This is the change in the inflation-adjusted value of all goods and services produced by the economy. It’s the broadest measure of economic activity important for the assessment of an economy’s health.
Recently the figures showed negative growth for Japan’s GDP, that is since March 2020. That changed when a positive figure showed up for the previous quarter on December 8, 2020, at 5.3%

March 10th:
– At 15:30, the change in the Consumer Price index figure for the United States is going to be released. This is the change in the price of goods and services purchased by consumers. It is a measure of inflation and the purchasing power of money.
The Inflation rate for the U.S. is quite low, for many months it flows below 1%. In the last 3 months, it has an average of 0.3%. It is expected that it will rise to only 0.4%.
– At 17:00 the BOC is going to release its monetary decision and report the Overnight Rate. The report provides valuable insight into the bank’s view of economic conditions and inflation – the key factors that will shape the future of monetary policy and influence their interest rate decisions.
The Overnight Rate is the interest rate at which major financial institutions borrow and lend overnight funds between themselves. The last time BOC changed the rate was on March 27, 2020, from 0.75% to 0.25% where it remains since.
– At 17:30 the Crude Oil Inventories change figure is released. This is the change in the number of barrels of crude oil held in inventory by commercial firms during the past week.
It seems that February ended with a positive figure of 1.3M change even though for the whole month overall, it was negative. However, March started with a relatively large positive change in inventories of 21.6M.



March 11th:
– At 14:45 the ECB is going to release its monetary decision and report the Main Refinancing Rate. The report is the primary tool the ECB uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision.
The Main Refinancing Rate is the Interest rate on the main refinancing operations that provide the bulk of liquidity to the banking system. It has been at a level of 0.0% since March 2016.
– At 15:30 the Unemployment Claims figure for the United States is going to be released. This is the number of individuals who filed for unemployment insurance for the first time during the past week.
For the month of February, the average recorded number of claims per week was 790K. The last figure, for the first week of March, shows that it didn’t improve since 745K were reported.


March 12th:
– At 9:00, the change in the Gross Domestic Product figure for the United Kingdom is going to be released. This is the change in the inflation-adjusted value of all goods and services produced by the economy. It’s the broadest measure of economic activity important for the assessment of an economy’s health.
For the latest 2 months of 2020, the change was positive, an average of 0.75%. However, a big fall was reported in January 2021, -2.60 followed by a positive change in February, 1.20%.
– At 15:30, Canada Employment Change and Unemployment Rate figures are going to be released. These are vital economic data in most probably the market will experience rapid price movements and volatility.
Employment changes in Canada since June were positive but with smaller and smaller changes per month while reaching 2021. However, 2021 didn’t start well as we observe negative changes with the last reported figure in February to show -212K. Since June 2020, the unemployment rate fell from 13.7% to 8.5% reported at the end of the year 2020. However, we see a rise again now in 2021 with last reported figure at 9.4%.



About the author: Marios Kyriakou has a bachelor’s degree in Economics from the University of Cyprus and a master’s degree in Economics from the University of Warwick. He is also a holder of CySEC’s Advanced Certificate in Financial Services Legal Framework and a professional in Online Trading, Forex and CFDs with more than 8 years of experience.
View his full profile > Here
People are also interested in:
Interactive Chart> Live Pricing
The below chart shows EURUSD by default.
You may select another symbol from the drop-down menu which is visible after you click on the current symbol.
Winners vs Losers > Live Pricing
© Powered By
Myfxbook.com