High Impact News: 17th - 21st March 2025

Weekly High Impact News Preview

This week is set to be particularly dynamic, with significant economic data and policy decisions scheduled from around the globe that could have wide-ranging implications for traders and investors.

Monday, March 17:

China's Economic Indicators: We kick off with China's Industrial Production and Retail Sales for February, providing insight into the economic recovery post-COVID-19. These figures could influence global market sentiments, particularly affecting commodity markets and risk assets.

U.S. Retail Sales (Feb): In the U.S., attention will be on February's retail sales data, including the Control Group, which excludes the more volatile components. These numbers will be crucial in gauging consumer spending health amidst inflationary pressures.

Tuesday, March 18:

Canadian Inflation Data: Canada releases its Consumer Price Index for February, both core and headline figures. Given the global focus on inflation, these data points could impact CAD currency pairs by shaping expectations for future Bank of Canada monetary policy moves.

Wednesday, March 19:

Bank of Japan's Policy Meeting: The BoJ will announce its interest rate decision, followed by a monetary policy statement and a press conference. Given Japan's delicate balance between stimulating growth and controlling debt, this could signal significant policy shifts.

Federal Reserve's Decisions: The U.S. Fed's rate decision and subsequent statements, including economic projections and interest rate forecasts, are perhaps the week's highlight. These announcements are pivotal in shaping market expectations regarding the future path of U.S. monetary policy.

New Zealand's GDP Data: To wrap up the day, New Zealand will report its GDP growth for the fourth quarter, offering insights into the economic resilience of the country.

Thursday, March 20:

Australia's Labor Market: Early in the day, Australia reports on its labor market, with February's employment change and unemployment rate. Given the RBA's focus on the labor market for policy guidance, these data could sway AUD pairs.

UK and Swiss Central Bank Decisions: The UK and Switzerland also host their central bank meetings, with decisions on interest rates followed by detailed reports and press conferences. These will provide critical insights into the monetary policy outlook amid economic uncertainties in Europe.

Bank of England's Policy Meeting: Alongside, the BoE will release its rate decision, monetary policy report, and voting results on interest rates. These details are vital for GBP traders.

Special Note for Canadian Traders:

BoC's Governor Macklem Speech: At the end of a busy week, a speech by the Governor of the Bank of Canada will provide further clues about the central bank's views on the economic outlook and monetary policy.

As these events unfold, traders should stay alert to the potential for increased volatility and market shifts. Keeping an eye on these developments will be crucial in adjusting trading strategies and managing risk effectively.