Daily Economic Calender Feb 28

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    Good Morning Traders, here’s news which could move the currency markets on Friday the 28th of February:

    • Euro-zone Consumer Price Index (CPI) (YoY) at 10:00 GMT, The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation. Last read 0.8% , Forecast 0.7%. Market Impact: A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
    • Canadian Gross Domestic Product (GDP) at 13:30 GMT. Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health. Canada releases fresh GDP data on a monthly basis. The last read was 0.2 %, today a decline to -0.2% is expected. Market Impact: A higher than expected reading should be taken as positive/bullish for the CAD, while a lower than expected reading should be taken as negative/bearish for the CAD.
    • U.S Gross Domestic Product (GDP) at 13:30 GMT. Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health. The last read was 3.2 %, today a small decline to 2.5% is expected. Market Impact: A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
    • U.S Pending Home Sales (MoM) at 15:00 GMT.T he National Association of Realtors (NAR) Pending Home Sales Report measures the change in the number of homes under contract to be sold but still awaiting the closing transaction, excluding new construction. Last read -8.7 %, again to 2% is expected today. Market Impact: A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
    • BoE Gov Carney Speaks at 15: 30. He will participate in a panel discussion at the Symposium on Financial Stability and the Role of Central Bankers, in Frankfurt. as head of the central bank, which controls short-term rates, he has more influence on the value of the country’s currency more than anyone else, his words usually affect the near future of the currency.

     

    So this was the Economic Calendar for Friday. We’ll be back with our next overview of key events for next Monday. Goodbye.

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    UPCOMING ECONOMIC EVENTS