WEEKLY ECONOMIC CALENDAR AHEAD
Here is what you need to know about the important news between March 20th 2023 and March 24th 2023, where we take a look at the economic data, market news and headlines likely to have the biggest impact on the market prices this week and beyond, as well as the US Dollar, and other key correlated assets.
U.S. dollar index
The index remains under pressure and keeps the trade in the sub-104.00 region. The risk aversion derived from banking jitters appears diminished and supports the selling bias in the dollar amidst firmer conviction among investors of a 25 bps rate hike by the Federal Reserve at the next meeting on March 22.
Gold
Gold prices traded just below their strongest levels in 11 months on Monday as markets gauged the impact of emergency liquidity measures from the Federal Reserve and other major central banks amid increasing fears of a banking crisis.
The Fed, the European Central Bank, and several other major central banks announced new measures to increase liquidity for the banking sector to stem any potential contagion from the collapse of several lenders over the past two weeks
Oil
Oil prices fell on Monday, reversing early gains as anticipation of a Federal Reserve meeting and concerns over weakening demand this year largely offset measures by major central banks to ease market fears of a looming banking crisis.
Stocks
Banks led stock markets lower on Monday and safe havens such as bonds rallied as a weekend deal to rescue Credit Suisse and promises of liquidity from central banks could not stem fears that a bigger crisis is brewing in the financial system.
Asia gains for S&P 500 futures and European futures reversed as the sun rose in London. S&P 500 futures were last down 1%. European futures dropped 1.2% and FTSE futures fell 1.5%, and investors rushed to price in interest rate cuts.
Economic calendar most important releases – All times are GMT
Tuesday, March 21, 2023
12:30 CAD Median CPI y/y
12:30 CAD Trimmed CPI y/y
12:30 CAD CPI y/y
12:30 EUR ECB President Lagarde Speaks
Wednesday, March 22, 2023
07:00 GBP CPI y/y
08:45 EUR ECB President Lagarde Speaks
18:00 USD FOMC Economic Projections
18:00 USD FOMC Statement
18:00 USD Federal Funds Rate
18:30 USD FOMC Press Conference
Thursday, March 23, 2023
08:30 CHF SNB Monetary Policy Assessment
08:30 CHF SNB Policy Rate
Tentative CHF SNB Press Conference
12:00 GBP MPC Official Bank Rate Votes
12:00 GBP Monetary Policy Summary
12:00 GBP Official Bank Rate
12:30 USD Unemployment Change
Friday, March 24, 2023
08:15 EUR French Flash Services PMI
09:30 GBP Flash Manufacturing PMI
13:45 USD Flash Manufacturing PMI
Thanks for reading! Have a great week! 
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