Trading Week Outlook: Mar. 5 - Mar. 9
By All Things Forex: Five monetary policy meetings by major central banks and the U.S. Non-Farm Payrolls report will make for an interesting week ahead as traders examine the potential for more rate cuts by the European Central Bank and ponder QE3 odds. In preparation for the new trading week, here is the outlook for the Top 10 spotlight economic events that will move the markets around the globe. 1. USD- U.S. ISM Non-Manufacturing Index, a leading indicator of economic conditions measuring activity in the services sector, Mon., Mar. 5, 10:00 am, ET. The U.S. services sector is forecast to register another month of growth, but at a slower pace, with an index reading of 56.2 in February from 56.8 in January. 2. AUD- Reserve Bank of Australia Interest Rate Announcement, Mon., Mar. 5, 10:30 pm, ET. For the time being, the Australian central bank would be likely to keep rates unchanged at 4.25%,Complete Story »
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