At 13:30 GMT, US Chicago Fed National Activity Index (Feb) is expected to be 0.19 against the previous 0.12. This number is expected to pick up after falling for the last two months. USD traders will be closely following this data release.
At 18:30 GMT, FOMC Member Dudley is due to participate in a panel discussion about regulatory reform at the United States Chamber of Commerce, in Washington DC. Comments may result in moves in USD crosses.
At 20:30 GMT, FOMC Member Mester is due to speak about the economic outlook and monetary policy at Princeton University, in New Jersey. Audience questions are expected and comments may cause moves in USD crosses.
Major data releases for this week:
On Wednesday at 13:30 GMT, US Gross Domestic Product Annualized (Q4) data will be out, with the headline number expected to be 2.6% from a previous 2.5%. Gross Domestic Product Price Index (Q4) data is expected to be 2.3% from a previous 2.3%.
At 14:30 GMT, Personal Consumption Expenditures (QoQ) (Q4) are expected to be 2.9% v a prior 2.7%. Core Personal Consumption Expenditures (QoQ) (Q4) are expected to be 2.0% v a prior 1.9% reading from Q2.
On Thursday at 13:00 GMT, German Harmonised Index of Consumer Prices (YoY) (Mar) is expected to be 1.5% against a previous 1.2%. German Harmonised Index of Consumer Prices (MoM) (Mar) is expected to be 0.4% against a previous 0.5%.
At 13:30 GMT, US Core Personal Consumption Expenditures – Price Index (YoY) (Feb) is expected to be 1.5% from 1.5% previously. Core Personal Consumption Expenditures – Price Index (MoM) (Jan) is expected to be 0.2% from 0.3% previously.
At 14:00 GMT, Canadian Gross Domestic Product (MoM) (Jan) was 0.1% previously.
On Friday at 00:30 GMT, Japanese Tokyo Consumer Price Index (YoY) (Mar) is expected to be 1.8% v 1.4% previously.
