Monday, 3rd March:
- EUR – Core CPI Flash Estimate y/y – 10:00am GMT:
The Eurozone’s Core CPI Flash Estimate is forecasted to come in at 2.5%, slightly down from the previous 2.7%. This reading is crucial for the ECB’s monetary policy decisions, with any deviation from expectations likely to impact the EUR. - USD – ISM Manufacturing PMI – 3:00pm GMT:
The ISM Manufacturing PMI is expected to slightly decline from 50.9 to 50.6, staying above the 50-point threshold that separates expansion from contraction. A weaker-than-expected print could raise concerns about the strength of the US manufacturing sector. - USD – President Trump Speaks – 7:39pm GMT:
Investors will closely watch Trump’s speech for any comments on tariffs, trade, or economic policies that could influence the market.
Tuesday, 4th March:
- AUD – Monetary Policy Meeting Minutes – 12:30am GMT:
The Reserve Bank of Australia will release its latest meeting minutes, offering insights into its interest rate outlook and economic assessment. Any signs of dovishness could weigh on the AUD. - AUD – Retail Sales m/m – 12:30am GMT:
Retail sales are expected to rebound with a 0.3% increase after the previous month’s -0.1% decline. A stronger print could support the AUD.
Wednesday, 5th March:
- AUD – GDP q/q – 12:30am GMT:
Australia’s GDP is forecasted to grow by 0.3%, down from the previous quarter’s 0.5%. A weaker result could fuel rate-cut expectations, pressuring the AUD. - JPY – BOJ Governor Ueda Speaks – 2:00am GMT:
BOJ Governor Ueda’s speech may provide clues on Japan’s monetary policy stance, with traders watching for any hints of policy adjustments. - USD – ADP Non-Farm Employment Change – 1:15pm GMT:
ADP’s report is expected to show 144K new private-sector jobs, down from the previous 183K. This release sets the stage for Friday’s Nonfarm Payrolls. - USD – ISM Services PMI – 3:00pm GMT:
A slight increase from 52.8 to 53.0 is expected, but given recent weak consumer data, a downside surprise could raise concerns about US economic momentum. - NZD – RBNZ Gov Orr Speaks – 8:30pm GMT:
Traders will monitor Orr’s speech for any indications of future monetary policy direction in New Zealand.
Thursday, 6th March:
- GBP – Construction PMI – 9:30am GMT:
The UK’s Construction PMI is expected to rise to 49.8 from 48.1, signaling a potential recovery in the sector. - EUR – ECB Interest Rate Decision – 1:15pm GMT:
The European Central Bank is widely expected to cut rates from 2.90% to 2.65%. Markets will focus on the accompanying statement and ECB President Lagarde’s remarks for further guidance. - USD – Unemployment Claims – 1:30pm GMT:
Weekly jobless claims are forecasted at 236K, slightly below the previous 242K. A higher-than-expected figure could indicate softening labor market conditions. - USD – FOMC Member Waller Speaks – 8:30pm GMT:
Investors will look for Waller’s comments on the Fed’s rate outlook and economic conditions.
Friday, 7th March:
- EUR – ECB President Lagarde Speaks – 9:30am GMT:
Lagarde’s speech will be scrutinized for insights into the ECB’s future monetary policy moves. - CAD – Employment Change – 1:30pm GMT:
Canada’s employment report is forecasted to show a gain of 17.8K jobs, a significant drop from the previous 76.0K. A weaker reading could put pressure on the CAD. - USD – Non-Farm Employment Change – 1:30pm GMT:
The highly anticipated Nonfarm Payrolls report is expected to show 156K jobs added in February, up from 143K in January. The Unemployment Rate is projected to remain at 4.0%. Any surprises in this data will likely cause significant market volatility. - USD – Fed Chair Powell Speaks – 5:30pm GMT:
Powell’s remarks will be crucial in shaping market expectations regarding future Fed policy decisions, particularly in light of the latest employment data.
This week, market participants will be focused on US labor data, the ECB rate decision, and speeches from key policymakers, all of which could drive significant volatility in major currency pairs.
