Weekly Outlook 30.03.2021 – 05.04.2021


What do we expect the following week? You can find below the scheduled announcements and reports?

  News and Comments


March 23rd:
– At 9:00 the Unemployment Rate figure for the United Kingdom is going to be released. This is the percentage of the total workforce that is unemployed and actively seeking employment during the past 3 months. The number of unemployed people is an important signal of overall economic health.
The unemployment rate started the previous year 2020 being close to the rate of 4% but ended the year at the rate close to 5%. Overall is not bad since 5% is a desirable level for a healthy economy. It is expected to remain close, to 5.2%
– At 23:45 the Trade Balance figure for New Zealand is going to be released. This is the difference in value between imported and exported goods and services during the reported month. This is the seasonally adjusted data.
Trade balance figures for most of 2020 were positive with the highest reported on Jun 25, 2020, to 1253M. However, while approaching to 2021 figures are experiencing volatile movements, sometimes reported negative and others positive. 2021 started negative with the last figure reported at -626M.

March 24th:
– At 09:00, the change in the Consumer Price index figure for the United Kingdom 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.K. is floating below 1% since May 2020. Future expectations show levels of 0.8%.
– We have PMIs releases the whole day for the Europe, United Kingdom, and the United States. PMI is an index of the prevailing direction of economic trends in the manufacturing and service sectors. Used for decision-making such as production decisions, estimation of future demand, and so on.
Above 50.0 indicates industry expansion, below indicates contraction.
– At 16:30 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 March’s demand for Oil was quite low. The change in inventories was recorded quite high this month with an average change so far 37.80 Million. 

 


March 25th:
– At 10:30 the Swiss National Bank is going to release its monetary policy assessment and report the Policy Rate. It’s the primary tool the SNB Governing Board uses to communicate with investors about monetary policy.
The SNB Policy Rate is the Interest rate the SNB seeks to maintain in the short-term money market. It has kept it negative even since Jun 13, 2019, at a level of -0.75%.
– At 14:30, the change in the Gross Domestic Product figure for the United States 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.
It seems that since March 2019, the GDP growth rate was floating around 2 but recently has become quite volatile. We have surprisingly observed a -31.4% figure on Sep 30, 2020, followed by a positive figure of 33.4%. in December 2020. A 4.1% change is expected for the next report.
– At 14:30 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 March, the number of claims was floating within the range of 740K to 770K with an average of 740K. The next report is expected to show 737K. 
March 28th:
– Daylight Saving Time Shift
Daylight saving time, also daylight savings time or daylight time, is the practice of advancing clocks during warmer months so that darkness falls at a later clock time.

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

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