Market Overview

Important upcoming events and publications

Important upcoming events and publications for February 28 (GMT):

13:00 Germany Consumer price index for the current month is very operative statistics, therefore often provokes an increase of volatility in pairs with EUR. Note that data on individual German lands are published throughout the day, which may also lead to prices jumps.

13:30 US GDP preliminary estimate for 4Q18 is expected to mark significant annualized growth rate cooling from 3.4% to 2.2%. The first assessment has the greatest potential to influence markets, and in this case, market participants have an incomplete set of data because of the shutdown, that reinforces the intrigue.

Friday 01:15. The speech of Powell, the Fed head, entitled “Recent economic events and long-term challenges”, will be in the focus of investors and can disrupt the quiet course of the Asian session. Attention will be paid to Fed chairman estimates and forecasts, who at the end of the year noticeably softened the rhetoric, and also pointed to the willingness to stop the reduction of the balance this year.

See the detailed Economic calendar here

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