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.