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The FxPro Analyst Team

French CPI, SNB Interest Rate and US Initial Jobless Claims – March 15, 2018

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At 07:45 GMT, French Consumer Price Index (EU norm) (YoY) (Feb) will be released. The consensus is for 1.3% from 1.4% previously. This data is expected to contract, after the monthly reading slipped under 0%, and is expected to remain there again on this occasion. However, this year’s seasonal drop has been much less than previously, giving some hope for future readings. EUR pairs could move due to this data.

At 08:30 GMT, the Swiss National Bank Interest Rate Decision and SNB Quarterly Bulletin will be released. The Interest Rate is expected to be left on hold at -0.75%. Close attention will be paid to the Quarterly Bulletin for insights on future policy. CHF crosses may see volatility pick up as a result of this event.

At 12:30 GMT, US Initial Jobless Claims (Mar 9) is expected to be 226K from 231K previously. Continuing Jobless Claims (Mar 2) is expected to be 1.90M from 1.87M previously. Philadelphia FED Manufacturing Survey (Mar) is expected to be 23.0 against 25.8 previously. USD crosses may be moved by this data. Jobless Claims had been holding steady above the 200 mark for much of 2017, with extremes at 300 above and 130 below over the course of the year. The data has remained above 100 since November of 2011, showing that the US jobs market is robust and performing steadily. Philly Fed Survey has been declining since its high in February 2017 but has remained above 20.0 over the last six months.

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At 15:45 GMT, the ECB’s Lautenschlager is due to make a scheduled speech and, as a member of the ECB’s executive board, her comments could affect EUR crosses.

At 21:30 GMT, New Zealand Business NZ PMI (Mar) will be released, with a prior reading of 55.6. After a fall in the January read, this data point recovered in February. This index has remained above 50 since December 2012. NZD crosses may be moved by this data.

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At 22:45 GMT, RBA Assistant Governor Debelle is due to make a scheduled speech about risk and return in a low rate environment, at the Financial Risk Day event hosted by the Centre for Financial Risk, in Sydney. Audience questions are expected and comments may affect AUD crosses.