New coronavirus, EU and UK FTA negotiations, economic indicators, remarks by key figures, policy rates, U.S. presidential election (Super Tuesday) – focus! Ogun-chan Man's one-minute guide to this week's important events (week of March 2)
This week's economic indicators! Four key events that Okachan-man is watching
① Novel coronavirus
② EU and UK FTA negotiations
③ Economic indicators, remarks by key figures, and policy rates
④ U.S. presidential election (Super Tuesday)
Inishie FX Blog
(Below is a transcription of the video)
Hello everyone, this is Okachan-man. Regarding Okachan-man’s points of focus for this week, I’ve highlighted four main points. First is the coronavirus, second is the EU and UK FTA negotiations, third are economic indicators, remarks by key figures, and policy rates, and fourth is the U.S. presidential election.
So, first, the coronavirus. Last week its impact caused a sharp drop in stock prices. I think this will be the most watched issue this week as well. Naturally, declines in stock prices and the spread of infections are likely to affect many areas.
Related to this but not exactly the same, this week marks the beginning of important economic indicators as it is the start of the month. In particular, indicators reflecting the impact of the coronavirus are to be released. This week there are important indicators almost every day from Monday to Friday. There will also be remarks by key figures almost daily, and regarding policy rates, the RBA in Australia is scheduled on Tuesday the 3rd, and the BoC in Canada on Thursday the 5th at 0:00 and 24:00 on the 4th. There are rumors that the RBA may hold an emergency meeting on Monday, and there are rumors that the FOMC/FRB may hold an emergency meeting as well. So there is a possibility of rate cuts as a result of an emergency meeting, not just the planned cuts, so beware.
Beyond this, the start of EU-UK FTAs negotiations is notable this week. It’s not just trade; talks will cover fishing rights, defense, and various other topics. Naturally, since the UK and EU have different viewpoints, if talks do not progress, there is a possibility of a no-deal Brexit, so movement in the pound is expected to continue based on headlines and progress updates.
Super Tuesday, the U.S. presidential primary, is scheduled for Tuesday. So, in Japanese time, results are expected early Wednesday morning. It will be interesting to see how Sanders and Biden fare, among others.
There are a lot of events this week. So I can’t cover everything here, but I’ve written about it on the blog as well, so please take a look there. I expect this to be a highly volatile week, so I want to trade while checking daily for notable factors and any risks or hazards.
Let’s do our best this week as well. This was Okachan-man.
