Forex-Weekly Outlook

Major economic events which have significant impact on forex markets for the week ending March 9th, 2012 are as under:

On Monday, data on French and Italian purchasing managers Index was published in the euro zone while single currency region published its separate data on purchasing managers index for services sector. The euro zone also reported its data on retail sales. In United States, data on ISM non manufacturing composite was released along with data on factory orders.

In United Kingdom reported its purchasing managers’ index along with official data on country’s reserves. In Australia, data on inflation was published

On Tuesday, in euro zone, data on gross fixed capital, household consumption, gross domestic product and government expenditure was released. United Kingdom reported data on house prices.

In Australia, data on current account balance was reported while Japan published its figure for labor cash earnings.

On Wednesday, official data on German factory orders will be published in the euro zone. United States will publish its data on mortgage applications, employment change by ADP, data on non-farm productivity, unit labor costs and data on crude oil, gasoline and distillates stockpiles by US Department of Energy.

In Switzerland, official data on foreign currency reserves and unemployment rate will be published.

In United Kingdom, data on shop price index is to be released. Australia will publish its data on Gross Domestic Product while Japan will report country’s official reserve assets along with coincident index and index of leading economic indicators.

On Thursday, March 8th, 2012, data on French non-farm payrolls, business sentiment and country’s trade balance will be reported in the euro zone. Germany is expected to release its data on industrial production. The European Central Banks will also announce its decision on its interest rate on Thursday,.

United States will report is weekly data on initial jobless claims and continuing claims. Data on consumer outlook and job cuts will also be published while EIA will release its data on natural gas inventories.

In United Kingdom, data on asset purchase target by Band of England will be released further the central bank will announce its decision of interest rate.  In Switzerland, data on consumer price index will be released.

Australia will report its data on unemployment rate, employment change and participation rate while Japan will publish its data on gross domestic product, country’s trade balance, data on current account and data on bankruptcies.

On Friday, March 9th, 2012, Germany’s consumer price index, German trade balance, labor costs and current account will be reported in the euro zone. France will also report its data on industrial production and manufacturing production.

In United States, data on average hourly earnings, household employment, underemployment rate, unemployment rate, change in manufacturing payrolls, private payroll, non-farm payrolls and country’s trade balance will be reported.

In United Kingdom, estimate on gross domestic production will be released along with data on country’s trade balance, producer price index, manufacturing production and industrial production.

In Australia data on country’s trade balance is to be reported while Japan data on M3 money supply will be published.

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