Week Ahead | It’s Brexit, Powell, Trump, Trade and Stats to Drive the Markets

25th February 2019 - 1st March 2019

Monday

• Bank of England Mark Carney’s Speech
• US Chicago Fed National Activity Index

Bank of England Mark Carney’s Speech will be giving out a statement on the current Economic Conditions of UK & also their future projection strategies for the next quarter. US Chicago Fed National Activity index is a key indicator to gauge overall economic activity and related inflationary pressure

Tuesday

• GBP Inflation Report Hearings, UK Prime Minister Theresa May speech
• USD Fed’s Chair Powell Testifies

First Markets will be expecting inflation report hearings of UK which is a Key driver for the Interest rate hike decisions for Bank of England Governor and his committee. UK Prime Minister Theresa May is expected to deliver a speech, focusing on the negotiations for Brexit. Federal Reserve Chair Jerome Powell testifies before Congress on a two day meeting, providing a broad overview of the economy and monetary policy.

Wednesday

• CAD BoC Consumer Price Index Core (YoY)
• USD Fed's Chair Powell Testifies
• GBP UK Parliamentary vote on Brexit

Bank of Canada will release their Consumer Price Index Core which is considered as the key indicator for inflation in Canada.Federal Reserve Chair Person Jerome Powell testifies on his second day before congress.The UK Parliament will decide whether the UK PM May's Brexit Plan is valid or not. In the case the Parliament don't approve it, chances of a hard Brexit will increase exponentially.

Thursday

• EUR German Harmonized Index of Consumer Prices (YoY)
• USD Fed’s Chair Powell Speech & Initial Jobless Claims and GDP

Harmonized Index of Consumer Prices is an index of consumer prices calculated and published is a measure of prices used by Governing Council of EU to define and assess price stability in the euro area as a whole in quantitative terms. Followed by a key event anticipate by Investors globally is Jerome Powell’s future projections of US Economy and also their Interest Rate Hike Decisions to be taken for the next following quarters. Finally to conclude the busy day US will release their Initial Jobless Claims which is a Key Indicator of their current Employment sector & GDP which is both a Key Economic data.

Friday

• JPY Tokyo CPI Ex Fresh Food
• EUR CPI
• USD ISM Manufacturing

Japan will release their index which captures inflation in Tokyo. The purchase power of JPY is dragged down by inflation.The Euro Zone CPI released captures the changes in the price of goods and services. The CPI is a significant way to measure changes in purchasing trends and inflation in the Euro Zone. The Institute for Supply Management (ISM) Manufacturing Index shows business conditions in the US manufacturing sector it is a significant indicator of the overall economic condition in US