Weekly Outlook: 2017, February 26 - March 05
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, 02-26-2017 at 06:50 PM (1292 Views)
Durable Goods Orders, GDP data from the US, Australia, and Canada, US Consumer Confidence, Manufacturing PMI, Crude Oil Inventories, Unemployment Claims and rate decision in Canada. These are the main events on forex calendar.
- US Durable Goods Orders: Monday, 13:30. Durable Goods Orders are expected to climb 1.6% while core orders are expected to gain 0.5%.
- US GDP data: Tuesday, 13:30. US GDP growth is expected to reach 2.1% in the fourth quarter.
- US CB Consumer Confidence: Tuesday, 15:00. Consumer moral is expected to register 111.1 in January.
- Australian GDP data: Wednesday, 0:30. Economists expect the Australian economy will grow by 0.7% in the fourth quarter.
- Canadian rate decision: Wednesday, 15:00. The BoC upwardly revised its 2017 GDP outlook to 2.1%, despite the strong Canadian dollar weighing on exporters as well as concerns over US trading policy.
- US ISM Manufacturing PMI: Wednesday, 15:00. Manufacturing PMI is expected to rise to 56.1 this time.
- US Crude Oil Inventories: Wednesday, 15:30.
- Canadian GDP: Thursday, 13:30. Analysts expect a growth rate of 0.3% in December.
- US Unemployment Claims: Thursday, 13:30. The number of claims is expected to inch up to 245,000 this week.
- US ISM Non-Manufacturing PMI: Friday, 15:00. US services sector is expected to reach 56.6 in February.
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