What To Watch Across Markets This Week: 25th March 2024

Last Week's Major News


The Bank of Japan (BOJ) recently concluded its negative interest rate policy, leading to a significant rise in the USDJPY pair, which soared past the 150 mark to reach 151.


The Federal Reserve decided to maintain its current interest rate at 5.50%. The FOMC press conference indicated a potential rate cut, likely beginning in June.


In an unexpected move, the Swiss National Bank cut its interest rate by 25 basis points, reacting to a notable year-long decline in inflation and economic growth. This decision marks the first major central bank to reverse the trend towards tighter monetary policy.


Key Events to Watch this Week


Tuesday, March 25, 2024

The Census Bureau is set to release both Core Durable Goods m/m and Durable Goods orders m/m in the U.S. at 4:30 PM, GMT+4 (Dubai Time). The market forecasts a rise for both, signaling a positive economic indicator. This rise suggests strong demand, potentially leading to higher production levels and job creation. Should this scenario occur, analysts expect a boost in the U.S. Dollar.


Wednesday, March 26, 2024

The Australian Bureau of Statistics is set to release the Consumer Price Index (CPI) y/y at 4:30 AM, GMT+4 (Dubai Time). The market expects a decline, indicating easing inflationary pressures. If this unfolds as anticipated, analysts expect a drop in the Australian Dollar.


Thursday, March 27, 2024

Statistics Canada is scheduled to release the Gross Domestic Product (GDP) m/m at 4:30 PM, GMT+4 (Dubai Time). The market anticipates a rise, signaling improvement in economic activity. Assuming this scenario plays out as expected, this could cause a rise in the Canadian Dollar, according to analysts.


The final GDP q/q in the U.S. is set to be released by the Bureau of Economic Analysis at 4:30 PM, GMT+4 (Dubai Time). The market forecasts a rate of 3.2%, indicating no change.


The National Association of Realtors is scheduled to release Pending Home Sales m/m data in the U.S. at 6:00 PM, GMT+4 (Dubai time). The market expects a significant increase, signaling an improvement in the real estate sector. Presuming this scenario unfolds according to predictions, analysts expect an increase in the U.S. Dollar.


Friday, March 29, 2024

Core PCE Price Index m/m data in the U.S. is set to be released at 4:30 PM, GMT+4 (Dubai Time). The market anticipates a slight drop, indicating easing inflationary pressures. If the data follows forecasts or comes in less than expected, analysts expect a decline in the U.S. Dollar.


Fed Chairman Powell is due to speak at 7:30 PM, GMT+4 (Dubai Time), where he will provide further details on the Fed's monetary policy.


The content published above has been prepared by CFI for informational purposes only and should not be considered as investment advice. Any view expressed does not constitute a personal recommendation or solicitation to buy or sell. The information provided does not have regard to the specific investment objectives, financial situation, and needs of any specific person who may receive it, and is not held out as independent investment research and may have been acted upon by persons connected with CFI. Market data is derived from independent sources believed to be reliable, however, CFI makes no guarantee of its accuracy or completeness, and accepts no responsibility for any consequence of its use by recipients.