Forex-weekly projections: February 25-March 1

In what is expected to be the market a desirable in the market, she'll be looking to the markets to developments in the trade talks between the United States and China before the deadline, swirling his date on Friday, you will get the update long overdue for the health of the largest economy in the world with a report on Thursday about the growth of the fourth quarter in the United States.

He said US President Donald Trump on Friday he's ready to expand the wait March 1 to reduce tariffs on Chinese goods worth 200 million USD to 25% as long as progress is made in negotiations between the two sides.

While trade talks scheduled to be held the Trump meeting a second summit with North Korean leader Kim Jong-Un on Wednesday and Thursday in Hanoi.

From the article declaration on Thursday reported fourth quarter GDP of the United States. The report was delayed because of the government shutdown for 35 days.

Figures for personal consumption expenditure, the preferred inflation measure of the Federal Reserve, are to be released on Friday. Include other economic data released this week, housing starts and building permits on Tuesday, and the index of consumer and manufacturing on Friday.

The data will be closely monitored following recent reports on durable goods, retail sales and existing and disappointing home sales.

Testimony on economic prospects and monetary policy plans will also be monitored by Federal Reserve Chairman Jerome Powell on Tuesday and Wednesday. Simulations show the last week of the Fed's meeting in January that it saw the downside risks to world economic growth, he not only witnessed a few of the risks of keeping interest rates on hold for the time being.

The decline of the dollar against a basket of currencies on Friday amid hopes for a trade agreement between Washington and Beijing.

The US dollar index dropped to 96.405 late on Friday. The index ended the week down 0.4% after gaining more than 1% in the previous week, in the unexpected performance after 
Mixed American economic data.

Said Alfonso Esparza, senior market analyst in the company Oanda in Toronto: "the market returned to risk to put pressure downward on the dollar".

He added: "stocks and commodities have risen twice the dollar and optimism that even if the deadline expires on 1 March, it will not trigger new tariffs immediately".

The euro was fixed against the dollar on Friday. Weak data since January undermined support for the single currency, which was last traded at 1.1341.

The pound and yen changed slightly against the dollar, with the pound / dollar trading at 1.3052 and the USD / JPY at 110.68.

By next week, collected Investing.com a list of important events that are likely to affect the markets.


Monday, February 25th.

Bank of England Governor Mark Carney will speak at an event in London.

Richard Clarinda, governor of the Texas Federal Reserve, will speak.

Tuesday, February 26th.

Bank of England Governor Mark Carney and many other policy makers are scheduled to testify about inflation and economic prospects before the parliament's Treasury Committee.

The United States will publish data on building permits and the start of housing in addition to a report on consumer confidence.

Scheduled to testify on the Fed Chairman Jerome Powell on monetary policy report semi-annual fairs on the Senate Banking Committee in Washington.

Wednesday, February 27.

New Zealand will publish trade figures.

Canada will publish data on consumer price inflation.

Federal Reserve Chairman Jerome Powell is scheduled to witness the central bank's second day's monetary policy report on Washington.

The United States will also produce data on pending home sales and factory orders.

Thursday, February 28th.

New Zealand will publish statements of business confidence.

Australia will publish figures on private capital expenditures.

China will produce figures on manufacturing and non-manufacturing data.

Germany will publish preliminary data on consumer price inflation.

Canada will report price inflation for raw materials.

The United States will publish the advance estimate of growth in the fourth quarter, besides the weekly report on unemployment claims and data on business activity in the Chicago area.

Federal Reserve Chairman Jerome Powell will speak at an event in New York.

Friday, March 1.

China will publish its Caixin procurement manager index.

Will the euro area published revised figures on industrial activity in addition to preliminary data on consumer inflation numbers and unemployment.

The United Kingdom will publish the procurement managers ' manufacturing index.

Canada will report GDP growth figures.

The United States will publish data on personal income and spending along with the PCE price index the primary. The Institute of supply management will rotate the week with its own manufacturing index.