Monday opens with G20 meetings where Trump Administration Officials are expected to raise concerns with Chinese President Xi Jinping’s decision to abolish term limits, as well as matters related to intellectual property theft.

Representatives for the Peoples President will no doubt counter with accusations of unfair trading practices by the Trump Administration following an executive order authorizing increased import tariffs on steel and aluminum. Which are due to become effective on Friday.

Tuesday kicks off Federal Open Market Committee member Jerome Powell’s first monetary policy meeting as Chairmen.

The rate decision will arrive on Wednesday and all expectations are for a hike of 25bp to 1.75%.

All eyes will be on the presser which follows the release where participants hope further clarification on the pace of rate change will be provided.

We welcome our new overlord and wish him a long & prosperous term.

Remember: the opportunity we need is everywhere.

Focus on making the world a better place, then the market will reward you.

Event Calendar

All times UTC

Date Time C
Event
EXP PRE
Mar 19 Day 1 All
G20 Meetings
Mar 20 12:30am AUD
Monetary Policy Meeting Minutes
9:30am GBP
CPI y/y
2.8% 3.0%
Day 2 All
G20 Meetings
Mar 21 9:30am GBP
Average Earnings Index 3m/y
2.6% 2.5%
2:30pm USD
Crude Oil Inventories
5.0M
6:00pm USD
FOMC Economic Projections
USD
FOMC Statement
USD
Federal Funds Rate
1.75% 1.50%
6:30pm USD
FOMC Press Conference
8:00pm NZD
RBNZ Rate Statement
Mar 22 12:30am AUD
Employment Change
20.3K 16.0K
AUD
Unemployment Rate
5.5% 5.5%
9:30am GBP
Retail Sales m/m
0.4% 0.1%
12:00pm GBP
MPC Official Bank Rate Votes
0-0-9 0-0-9
GBP
Monetary Policy Summary
GBP
Official Bank Rate
0.50% 0.50%
All Day WJC
100m
<3%
Mar 23 12:30pm CAD
CPI m/m
0.4% 0.7%
CAD
Core Retail Sales m/m
0.9% -1.8%
USD
Core Durable Goods Orders m/m
0.5% -0.3%

Trading Definition

Credit Facility
– A credit facility is a type of loan made in a business or corporate finance context, including revolving credit, term loans, committed facilities, letters of credit and most retail credit accounts.