Today the focus is on an Amazon strike, the ECB’s printing press, and the coming US stimulus.
The British GDP will be released. There are no common forecasts. If readings come in lower than previous, the GBP could receive a negative push.
Assets to trade: GBP/USD, GBP/JPY, GBP/NZD
British Manufacturer Production MoM for Jan. will be announced. Forecast: -0.8%. If the data is lower than expected the GBP could receive a negative push.
Assets to trade: GBP/EUR, GBP/NOK, GBP/SGD
The US PPI (Purchaser Price Index) MoM Feb. will be reported. Forecast: 0.5%. A higher than predicted reading should be taken as a bullish signal for the USD.
Assets to trade: USD/AUD, USD/CAD, USD/MXN
The Canadian Employment Change statistics will be published. Forecast: 75.0K. If results are higher than predicted, that should be taken as a bullish signal for the CAD.
Assets to trade: CAD/JPY, CAD/CHF, EUR/CAD
Amazon’s workers in Italy will go on a 24-hour strike on March 22 after negotiations with the U.S. online giant over working conditions broke down, trade unions said on Thursday. Affects Amazon
Tesla Inc has increased the price of its Model 3 Standard Range Plus, and Model 3 Long Range AWD, Model Y Long Range, and Model S Plaid Plus, the electric-car maker’s website showed. Affects Tesla
A report on U.S. consumer prices calmed investor nerves about inflation and lifted the Dow Jones Industrial Average to a record close. Affects Dow Jones
The European Central Bank signaled faster money-printing on Thursday to keep a lid on eurozone borrowing costs but stopped short of adding firepower to its already aggressive pandemic-fighting package. Affects EUR
A top White House economic aide said on Thursday that direct payments from the recently passed coronavirus relief plan would start going out this month through direct deposits, as he touted the package’s promises of helping with poverty, small businesses, and job creation. Affects S&P 500
With President Biden’s stimulus checks officially on their way to individuals and small to medium businesses hopes of economic recovery soar. Investor’s hopes could be enough to push the index to new highs.
Prices continue to climb as they have in the past after bouncing off of the upward support line.
Procter & Gamble
Flattening out after a strong downtrend, this asset will likely continue to test its support level around 125.8.
The downtrend has slowed as the pair nears its support level around 0.84.