In the dynamic world of forex trading, where currencies constantly shift in value, various factors come into play. One crucial element is major data releases, which are significant events that heavily influence market feelings and impact trading decisions. For traders aiming to stay ahead, pay close attention to this forex forecast to make more informed trading decisions.
As we approach the coming week, forex traders must be aware of the upcoming major data releases that could impact currency pairs. Here’s a breakdown of key events based on the UTC+4 time zone, sourced from Trading Economics.
Monday (25/03/2024)
02:00 PM: ECB President Lagarde’s Speech
Pay attention to Christine Lagarde’s speech, President of the European Central Bank (ECB), for insights into monetary policy and potential influences on the euro.
06:00 PM: US New Home Sales MoM
Monitor month-on-month changes in US new home sales, offering insights into the housing market’s health and potential impacts on the US dollar.
Tuesday (26/03/2024)
03:30 AM: Australia Consumer Confidence MoM
Evaluate month-on-month changes in Australian consumer confidence, providing insights into consumer sentiment and potential influences on the Australian dollar.
11:00 AM: Deutch GfK Consumer Confidence
Assessment of German consumer confidence, offering insights into economic sentiment in Germany and potential euro movements.
04:30 PM: US Durable Goods Orders MoM
Analysis of month-on-month changes in US durable goods orders, providing insights into manufacturing sector activity and potential currency impacts.
Wednesday (27/03/2024)
04:30 AM: Australia Monthly CPI Indicator
Monitor Australia’s monthly Consumer Price Index (CPI) indicator, offering insights into inflationary pressures and potential impacts on the Australian dollar.
02:00 PM: Euro Area Economic Sentiment
Assessment of economic sentiment in the Euro Area, providing insights into overall economic conditions and potential influences on the euro.
Thursday (28/03/2024)
04:30 PM: US GDP Growth Rate QoQ Final
Analysis of the final quarter-on-quarter GDP growth rate in the US, offering comprehensive insights into economic performance and potential currency movements.
Friday (29/03/2024)
04:30 PM: US Core PCE Price Index MoM
Monitoring of month-on-month changes in the US core Personal Consumption Expenditures (PCE) Price Index, a key inflation indicator influencing monetary policy and the US dollar.
04:30 PM: US Personal Income MoM
Assessment of month-on-month changes in US personal income, providing insights into consumer spending power and potential currency impacts.
04:30 PM: Personal Spending MoM
Analysis of month-on-month changes in personal spending in the US, offering insights into consumer behavior and potential influences on the US dollar.
07:30 PM: US Fed Chair Powell Speech
Pay attention to Jerome Powell’s speech, Chair of the US Federal Reserve, for insights into monetary policy and potential impacts on the US dollar.
Disclaimer
Forex trading involves risks, and traders are strongly advised to conduct thorough and independent research before making any investment decisions. Market conditions can change rapidly, and it’s crucial to stay informed and adapt to the evolving landscape.
As the upcoming week unfolds, these major data releases have the potential to shape market trends and create trading opportunities. Stay vigilant, stay informed, and may your trading endeavors be met with success.
