As we step into a new trading week, after Fridays NFP news event we can expect to see some volatility coming into the markets. As we know market participants are bracing for key economic events that could impact global markets. Here’s a breakdown of what traders should watch this week:

Economic Calendar & Key Events

Economic Calendar & Key Events

This week’s pivotal economic releases and events include:

• Monday, March 10:
  • Eurogroup Meetings (All Day): Finance ministers from Eurozone countries will discuss economic policies, potentially impacting the euro’s valuation.
• Tuesday, March 11:
  • German ZEW Economic Sentiment (10:00 AM GMT): A survey reflecting the economic outlook of German institutional investors and analysts. A higher reading suggests optimism and could strengthen the euro.
  • U.S. JOLTS Job Openings (3:00 PM GMT): Indicates labour market strength in the U.S., influencing the dollar and equity markets.
• Wednesday, March 12:
  • U.S. Consumer Price Index (CPI) m/m (12:30 PM GMT): Measures inflation by tracking changes in the price of goods and services. Significant deviations from expectations can sway Federal Reserve policy decisions.
  • Bank of Canada Interest Rate Decision (3:00 PM GMT): Insights into Canada’s monetary policy direction, affecting the Canadian dollar and related assets.
• Thursday, March 13:
  • U.S. Producer Price Index (PPI) m/m (12:30 PM GMT): Reflects the average change over time in selling prices received by domestic producers, serving as a leading indicator of consumer inflation.
  • U.S. Unemployment Claims (12:30 PM GMT): Weekly data on the number of individuals filing for unemployment benefits, offering a real-time view of labour market health.
• Friday, March 14:
  • UK GDP m/m (7:00 AM GMT): Monthly estimate of the UK’s economic growth. Growth may bolster the pound, while contraction could have the opposite effect.
  • U.S. University of Michigan Consumer Sentiment (3:00 PM GMT): Preliminary data gauging consumer confidence, influencing spending behaviour and economic outlook.

Technical Analysis

EUR/USD

• EURUSD is following great market structure to the upside, we know that the dollar has dropped in value due to the trade wars where Tariffs have been implemented for and against the United States of America.
• We can see on the daily time frame that EURUSD is started to trend to the upside and as it has reversed from the major 02330 and is following structure to the upside. We can expect to possibly see a reversal or some minor pull back after taking liquidity at a major previous high at 1.09378 as seen in the screenshot below:

Fundamental Analysis

• US Dollar Strength: The US dollar remains resilient as traders await inflation data, which could influence the Fed’s rate path.
• Stock Market Volatility: Equity markets are reacting to economic indicators, and any surprises in inflation or central bank decisions could increase market turbulence.
• Cryptocurrency Trends: Bitcoin continues to hover near recent highs, with institutional interest playing a significant role in price action.

Traders should stay alert to economic releases and technical setups that could offer trading opportunities. With central banks in focus, risk management remains key in navigating market fluctuations.

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