US-China talks, Fed Powell speech, Brexit, busy week ahead

Weekly Report - 11/03/2019

Mixed Bag of Events


The ongoing U.S – China Trade War will give us more updates on trade talks the following week. Risk desire may fade while the news is coming out regarding a pause to the late March Trump – Xi meeting. Another important fact that will probably create more uncertainty for the USD this week is the FED Chair Powell talk on Sunday night. Expect the greenback to reply to any remarks linked to the economy or monetary policy.

Don't forget Brexit. It’s a great week for the ongoing matter. On Tuesday Parliament will vote on the Brexit deal.

The Week that was

Last Thursday the U.S Stocks sank. The European Central Bank slashed its economic growth outlook for 2019. ECB also issued some new rounds of stimulus to help the banks in the region. That fact sparked growing concerns over the global economy. The Nasdaq Composite fell more than 1% to 7,421.45. The Dow Jones Industrial Average lost about 200 points and went to 25,473.20 while the S&P 500 dropped 0.8% to 2,748.92, driven by drops in the financials and consumer areas.


Main Focus This Week

The week ahead will be very interesting. For the popular US Dollar, we will have the following data. January retail sales and December business inventories at the beginning of the week on Monday. February inflation figures will affect the market on Tuesday. On Wednesday the wholesale inflation figures durable goods orders while a moderately quiet Thursday will make the new home sales figures and the weekly jobless claims the main drivers. On Friday we will have the release of industrial production, consumer sentiment, manufacturing data. The most important are inflation, Retail sales, and durable goods orders.


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