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Event Calendar

All times UTC

Day Time Ctry
Event
Exp Prev
Mar 4 All Day EUR
Italian Parliamentary Election
Mar 5 10:30am GBP
Services PMI
53.3 53.0
4:00pm USD
ISM Non-Manufacturing PMI
58.9 59.9
Mar 6 1:30am AUD
Current Account
-12.3B -9.1B
AUD
Retail Sales m/m
0.4% -0.5%
4:30am AUD
Cash Rate
1.50% 1.50%
AUD
RBA Rate Statement
7:15pm GBP
MPC Member Haldane Speaks
10:35pm AUD
RBA Gov Lowe Speaks
Mar 7 1:30am AUD
GDP q/q
0.5% 0.6%
2:15pm USD
ADP Non-Farm Employment Change
194K 234K
2:30pm CAD
Trade Balance
-3.2B
4:00pm CAD
BOC Rate Statement
CAD
Overnight Rate
1.25%
4:30pm USD
Crude Oil Inventories
3.0M
Mar 8 1:30am AUD
Trade Balance
0.22B -1.36B
1:45pm EUR
Minimum Bid Rate
0.00% 0.00%
2:30pm EUR
ECB Press Conference
5:00pm CAD
BOC Gov Poloz Speaks
Mar 9 Tentative JPY
BOJ Policy Rate
-0.10% -0.10%
Tentative JPY
Monetary Policy Statement
Tentative JPY
BOJ Press Conference
10:30am GBP
Manufacturing Production m/m
0.2% 0.3%
2:30pm CAD
Employment Change
-88.0K
CAD
Unemployment Rate
5.9%
USD
Average Hourly Earnings m/m
0.3% 0.3%
USD
Non-Farm Employment Change
204K 200K
USD
Unemployment Rate
4.0% 4.1%

Trading Term of the Week

Knock-Out Option
– An option with a built in mechanism to expire worthless, should a specified price level be exceeded. A knock-out option sets a cap to the level an option can reach, in favor of the holder. As knock-out options limit the profit potential for the option buyer, they can be purchased for a smaller premium than an equivalent option without a knock-out stipulation.

Stop-hunting Order Flow Traders ♥

Comments

Recent market activity has been wild compared to that of the previous 2 years and major market indexes are at technically dangerous levels. Expectations are that the recent correction is complete and that stability will return. However, with trade-war rhetoric out of Washington and rising inflation concerns weighing on the rates complex, it is time to start paying attention!

Trillions of dollars in central bank stimulus have suppressed volatility for nearly a decade.

Most of that stimulus has now been removed and many assets are still not priced for this new reality.