Headlines the Economic Calendar on Thursday

Headlines the Economic Calendar on Thursday

We will focus on a report on activity in the manufacturing sector today.

German Manufacturing PMI will be announced and it is expected to stay at 60.3 in February compared to the previous number while Eurozone Manufacturing PMI is also expected remain at 58.5. A better than expectations will point to a recovery in the European economy and support EURUSD pair.

In the UK, the Manufacturing PMI for February will be published. The market expects to ease to 55.1 from 55.3 a previous reading

Among data releases in the US, PCE Price Index, Initial jobless claims and ISM Manufacturing PMI will closely be followed today. The PCE price index is important that the Fed preferred a measure of inflation and Core index is expected to stay at 1.5% in January year-on-year, compared to in the previous month

U.S Initial jobless claims are expected to be 226K, which points to a little rise from previous week’s 222K. On the other hand, ISM Manufacturing PMI is expected to edge down to 59.0 in February from 59.1 a month ago.

Finally, watch out the Federal Reserve Chair Jerome Powell Testifies. Powell speeches will again be important today as any hint regarding the Fed rate hike in the upcoming decisions will immediately be priced in. We might see high volatility in the market.

01 Mar 18 (Thu)

06:39 am



Never miss a winning trading opportunity.
Join OneBillionSignals now!

Never miss a winning trading opportunity.
Join OneBillionSignals now!

Download OBS Application Download OBS Application Now Sign Up
 

Risk Warning

Important : One Billion Signals will not be liable for any losses sustained while using the services provided on the One Billion Signals application. This application is not a solicitation to trade forex signals, nor is the representation is being made that any account will, or is likely to, achieve profits or losses similar to those discussed on the application. The past performance of any trading system or methodology is not necessarily indicative of future results.

Privacy Policy | Terms of Use

© 2024 One Billion Signals All Rights Reserved