Top 5 News Releases to Look Out for this Week!

Mon. March 27: The Dallas Fed manufacturing index for March is to be released at 3:30 pm GMT. Current consensus is that the index will fall to 16 from 24.5; such a decrease would be considered as a negative signal for US indices and USD related pairs.

Tue., March 28: US consumer confidence for March is to be released at 3 pm GMT. Current forecasts support that consumer confidence will drop to 113 from 114.8. A negative reading would be considered as a bearish signal for US indices and USD crosses.

Wed. March 29: The biggest event for this week will be the article 50 activation by U.K. Prime Minister, Theresa May. If the reception in the EU is particularly strident, the article’s triggering is expected to have a negative effect on the British pound. Copyright pdextrading.com
Thu. March 30: US GDP for the final quarter and initial jobless claims are to be released at 1:30 pm GMT. Consensus is that there will be a 2% growth for the final quarter, while jobless claims are expected fall to 247K from 258K. GDP is considered the broadest measure of economic activity in the U.S. and is expected to affect the value of the USD.

Fri, March 31: German unemployment data for March are to be released at 8.55 am GMT. Current consensus is that the unemployment will hold at 5.9%. A higher than expected reading can be taken as negative for the price of the EUR, while lower than expected reading can be taken as positive for the value of the EUR. (Source: 777options.com)

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