Important upcoming events and publications

Important upcoming events and publications for March 8 (GMT):

09:30 UK Consumer Inflation Expectations survey attracts attention as an indicator of Brexit fears. In general, consumer expectations growth is one of the reasons for tightening the policy of the Bank of England. This indicator reached five-year highs at 4Q18, rising to 3.2%.

13:30 Employment in Canada is an important indicator of economic activity and can have a serious impact on pairs with CAD. It should be noted that at the same time the data on the labour market in the USA will be released, so the USDCAD reaction primarily will depend on the statistics from the US.

13:30 U.S. Employment report is one of the most significant economic releases for financial markets, very often causing a sharp surge in volatility. Markets expect that employment in the U.S. grew by 180K (compare to the 12-month average of 230K) after quite strong growth of 304K one month earlier.

18:00 Baker Hughes U.S. Rig Count shows a decline this year. A further decrease can be regarded as a supporting factor for Brent and WTI prices.

See the detailed Economic calendar here