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Week Ahead - Market Volatility Here To Stay

Craig Erlam profile picture
Craig Erlam
657 Followers

Summary

  • It's been a truly chaotic couple of weeks in financial markets, with the number of coronavirus cases and fatalities accelerating outside of China, prompting authorities around the world to up their game.
  • This week, it was the Fed that set the tempo, cutting interest rates by 0.5% outside of a scheduled meeting.
  • Authorities will have to do much more in the coming weeks.

Coronavirus fears continue to drive investors

It's been a truly chaotic couple of weeks in financial markets, with the number of coronavirus cases and fatalities accelerating outside of China, prompting authorities around the world to up their game.

This week, it was the Fed that set the tempo, cutting interest rates by 0.5% outside of a scheduled meeting. The move got people's attention but did little to quench the thirst of investors who demanded more. Several other rate cuts around the world combined with pledges from the IMF and World Bank was just enough to prevent a full blown meltdown but it's only half time.

Authorities will have to do much more in the coming weeks. Already, another 0.5% rate cut is priced in from the Fed and much more is expected from governments around the world.

Key Economic Releases and Events

Saturday, March 7th

Local Start Date

Country

Relevance

Indicator Name

Period

7 March 2020

China (Mainland)

High

Trade Balance USD

Feb

Sunday, March 8th

8 March 2020

Japan

High

GDP Rev QQ Annualised

Q4

8 March 2020

Japan

High

GDP Revised QQ

Q4

Monday, March 9th

9 March 2020

Switzerland

Medium

Unemployment Rate Adj

Feb

9 March 2020

Czech Republic

Medium

Unemployment Rate

Feb

9 March 2020

Mexico

Medium

Headline Inflation

Feb

Tuesday, March 10th

10 March 2020

China (Mainland)

High

CPI YY

Feb

10 March 2020

China (Mainland)

Medium

CPI MM

Feb

10 March 2020

Norway

High

Consumer Price Index YY

Feb

10 March 2020

Norway

Medium

Core Inflation YY

Feb

10 March 2020

Denmark

High

CPI YY

Feb

10 March 2020

Denmark

Low

Inflation (HICP) YY

Feb

10 March 2020

Czech Republic

High

CPI YY

Feb

10

This article was written by

Craig Erlam profile picture
657 Followers
Based in London, England, Craig Erlam joined OANDA in 2015 as a Senior Market Analyst. With more than five years’ experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.

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