Weekly Outlook: 2014, March 16 - 23

NZD/USD weekly outlook: March 17 - 21

The New Zealand ended the week close to an 11-month high against its U.S. counterpart on Friday, after the Reserve Bank of New Zealand raised interest rates and said it will end stimulus measures earlier than expected.

Monday, March 17

• The U.S. is to publish data on manufacturing activity in the Empire State, as well as reports on industrial production and long term securities transactions.

Tuesday, March 18

• The U.S. is to produce data on consumer inflation, in addition to reports on building permits and housing starts.

Wednesday, March 19

• The Federal Reserve is to announce its federal funds rate and publish economic forecasts for inflation and growth. The Fed statement is to be followed by a press conference with Chair Janet Yellen.
• Later Wednesday, New Zealand is to publish data on fourth quarter gross domestic product, the broadest indicator of economic activity and the leading indicator of economic growth.

Thursday, March 20

• The U.S. is to publish the weekly report on initial jobless claims, as well as data on existing home sales and manufacturing activity in the Philadelphia region.

AUD/USD weekly outlook: March 17 - 21

The Australian dollar ended Friday’s session little changed against its U.S. counterpart, as investors were reluctant to make big moves ahead of Sunday's closely-watched referendum in Ukraine’s Crimea region.

Monday, March 17

• The U.S. is to publish data on manufacturing activity in the Empire State, as well as reports on industrial production and long term securities transactions.

Tuesday, March 18

• The Reserve Bank of Australia is to publish the minutes of its latest policy meeting, which contain valuable insights into economic conditions from the bank’s perspective.
• The U.S. is to produce data on consumer inflation, in addition to reports on building permits and housing starts.

Wednesday, March 19

• The Federal Reserve is to announce its federal funds rate and publish economic forecasts for inflation and growth. The Fed statement is to be followed by a press conference with Chair Janet Yellen.

Thursday, March 20

• The U.S. is to publish the weekly report on initial jobless claims, as well as data on existing home sales and manufacturing activity in the Philadelphia region.

GBP/USD weekly outlook: March 17 - 21

The pound ended the week little changed against the dollar on Friday as concerns over the crisis in Ukraine and fears over an economic slowdown in China dampened risk appetite.

Monday, March 17

• The U.S. is to publish data on manufacturing activity in the Empire State, as well as reports on industrial production and long term securities transactions.

Tuesday, March 18

• The U.S. is to produce data on consumer inflation, in addition to reports on building permits and housing starts.
• Bank of England Governor Mark Carney is to speak at an event in London.

Wednesday, March 19

• The U.K. is to release official data on the change in the number of people unemployed and the unemployment rate, as well as data on average earnings and public sector borrowing. Meanwhile, the Bank of England is to publish the minutes of its most recent policy setting meeting.
• The Federal Reserve is to announce its federal funds rate and publish economic forecasts for inflation and growth. The Fed statement is to be followed by a press conference with Chair Janet Yellen.

Thursday, March 20

• The U.K. is to release private sector data on industrial order expectations. The U.K. government is to make its annual budget statement.
• The U.S. is to publish the weekly report on initial jobless claims, as well as data on existing home sales and manufacturing activity in the Philadelphia region.

Friday, March 21

• The U.K. is round up the week with data on public sector net borrowing.

EUR/USD weekly outlook: March 17 – 21

The euro ended the week close to two-and-a-half year highs against the dollar on Friday, one day after European Central Bank President Mario Draghi said the strong euro was dragging down inflation in the euro area.

Monday, March 17

• The euro zone is to release data on consumer price inflation, which accounts for the majority of overall inflation.
• The U.S. is to publish data on manufacturing activity in the Empire State, as well as reports on industrial production and long term securities transactions.

Tuesday, March 18

• The ZEW Institute is to release its closely watched report on German economic sentiment, a leading indicator of economic health.
• The U.S. is to produce data on consumer inflation, in addition to reports on building permits and housing starts.

Wednesday, March 19

• The Federal Reserve is to announce its federal funds rate and publish economic forecasts for inflation and growth. The Fed statement is to be followed by a press conference with Chair Janet Yellen.

Thursday, March 20

• Germany is to release data on producer price inflation.
• Political leaders and finance ministers from the European Union are to hold the first day of an economic summit in Brussels.
• The U.S. is to publish the weekly report on initial jobless claims, as well as data on existing home sales and manufacturing activity in the Philadelphia region.

Friday, March 21

• The euro zone is to release data on the current account.
• Political leaders and finance ministers from the EU are to hold the second day of an economic summit in Brussels.

Cataclysmic events, for example, seismic tremors, tornadoes, and floods, can achieve destroying impacts to a nation. Loss of life, harmed infrastructure, and unexpected changes to day by day living all negatively affect the country's currency. Economic yield will likewise be severely influenced on account of the harm caused. Money that could have in any case been utilized to drive economic activities is now diverted towards rebuilding supply chains and infrastructure.