- US ISM Manufacturing PMI for February (March 3rd at 15:00 GMT)
ISM Manufacturing PMI previous print was 50.9. The number was higher than the previous 49.2.
Possible influence: Volatile US Dollar, Gold/Silver and US Stocks
- European Central Bank Meeting (March 6th at 13:15 GMT)
The European Central Bank will meet to discuss interest rates. Rates are currently at 2.90% after a rate cut of 25 basis points in January. Rates might be cut by another 25 basis points in March.
Possible Influence: Volatile Eurodollar, Gold
- U.S. Unemployment Rate and Non-Farm Payrolls (NFP) (February) (March 7th at 13:30 GMT)
The previous month had unemployment at 4.0%. Nonfarm Payrolls for the previous month printed 143,000.
Possible Influence: Volatile US Dollar, Gold/Silver and US Stocks
- US Inflation data (February) (March 12th at 12:30 GMT)
Core CPI (excluding food and energy) was 3.3%, Year-over-Year in January. Top-line CPI for January came in at 3.0%, in line with expectations.
Possible Influence: Volatile US Dollar, Gold/Silver and US Stocks
- Bank of Canada Meeting (March 12th at 13:45 GMT)
The Bank of Canada will meet to set interest rates. They are currently 3.0% after the bank cut interest rates in January by 25 basis points. The bank may decide to keep rates at 3.0%, or to cut by 25 basis points in March, according to analysts.
Possible Influence: Volatile Canadian Dollar and Canadian Stocks
- Retail Sales in the US (February) (March 17th at 12:30 GMT)
Month-over-Month Retail Sales was at -0.9% in January, which was lower than the -0.2% expected by the market.
Possible Influence: Volatile US Dollar, Gold/Silver and US Stocks
- Bank of Japan Meeting (March 19th at 03:00 GMT)
The Bank of Japan will meet to set its interest rates. In January the bank increased rates by 25 basis points to 0.50%.
Possible Influence: Volatile Japanese Yen
- Federal Reserve meeting and press conference (March 19th at 18:00 GMT and 18:30 GMT)
The Federal Open Market Committee of the U.S. The Federal Reserve will conclude its 2-day meeting to decide on interest rates. The current rate is 4.50%, after a 25-basis point cut in December. Analysts expect the rate to remain at 4.50% at this meeting.
Possible Influence: Volatile US Dollar, US Stocks, Gold/Silver
- Bank of England Meeting (March 20th at 12:00 GMT)
The Monetary Policy Committee of the Bank of England will meet to decide on interest rates. The current rate is 4.5% and is expected to remain unchanged, although there is a small chance of a 25-basis point cut. The last BoE cut was by 0.25% in February.
Possible Influence: Volatile British Pound and British stocks
- US President Trump Tariffs (March)
President Trump outlined that the delayed 25% tariffs upon goods from Mexico and Canada (including 10% on Canadian oil) will go ahead from March 4th. Additional tariffs of 10% on Chinese goods were imposed in February and 25% tariffs on Aluminum and Steel. But more tariffs are being considered on China and on Europe unless the EU relaxes its own tariffs, or buys more US natural gas and crude oil. Trump is also threatening tariffs on the EU for its regulation of American tech companies. The US President most recently ordered a tariff investigation into US imports of copper, which may target China.
Possible Influence: Volatile US Stocks, European stocks, Gold/Silver, EURUSD, CADUSD, Copper, Natural Gas, Crude Oil
- US AND RUSSIA BEGIN NEGOTIATIONS, BUT WAR IN UKRAINE CONTINUES (March)
Top level US and Russian officials held a first round of talks in Istanbul to discuss a peace deal to end the war in Ukraine and negotiations will continue. The US is actively engaged in pushing a deal through. President Trump and President Putin spoke by phone and could meet in March. It remains unclear whether Ukraine (or the EU) will agree to the terms of the deal, but a peace agreement will likely see sanctions on Russian oil (and other commodity) exports relaxed.
Possible Influence: Volatile Crude oil, Natural gas, Gold/Silver.