We can expect to get the Germany’s Ifo business climate, current conditions and expectations indicators (European session). After that, on Tuesday, we get the US consumer confidence and on Wednesday, we can expect to get the US GDP growth rate, France’s GDP growth rate and Canada’s current account balance (All for Q2).
After that, we can expect to see Germany’s unemployment data and HICP rate and Canada’s GDP growth rate (on Thursday). And finally, on the last day of the week – Friday, we expect to get Japan’s unemployment rate, China’s Mfg PMI, France’s CPI, Euro-zone’s inflation data and Euro-zone’s Unemployment rate.
During the European morning we get France’s GDP growth rate.
On Tuesday, we get Eurozone’s and US Consumer Confidence for March.
On Wednesday, the US final GDP growth rate for quarter 4 is due out
On Thursday, Germany’s Unemployment data for March, the preliminary HICP for March, UK GDP growth rate
for Q4 and Canada’s GDP growth rate for January will be released.
On Friday, we get Japan’s Unemployment rate for February and France’s Preliminary CPI for March.
And on Saturday, China’s NBS Manufacturing PMI for March will be released. Overall we would like to draw your attention to the release of Germany’s preliminary HICP rate on Thursday and
France’s preliminary CPI on Friday. Both are currently forecasted to accelerate and could support the EUR.
From France we get the consumer confidence indicator, from the Eurozone the Business Climate indicator, the Economic Sentiment indicator, the final consumer confidence indicator and from Germany the HICP rate. All the prementioned indicators and the HICP rate are for February, are set to have slight drops and could weaken the EUR. From the US we get the Durable Goods growth rate for January which is forecasted to slow-down significantly and even turn negative. Later on we get the US Consumer Confidence indicator for February which is forecasted to increase somewhat.