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Weekly outlook of financial market events

At the beginning of the new business week, which is marked in the 2024 calendar as the 13th in a row, most investors and other participants in the financial market are currently waiting for the current data that will be published this week, in particular for data on GDP in the US or data from the German retail market. During the very beginning of this 13th week of 2024, on Monday 25/03/2024, at approximately 9:37 CET, the exchange value of the US dollar moved within the foreign exchange market in a trend of strengthening again, and according to the DXY index, the USD showed a daily growth of even + 0.37% USD points according to this index.

Traders, investors and other participants in the financial markets expect the following events in the 13th week of 2024:

CCI US Consumer Confidence Index – Monthly

The consumer confidence index shows the level of consumer confidence in the stability of the country’s economy. It is intended to evaluate the relative financial status, purchasing power and confidence of the average consumer. The growth of the indicator assumes an increase in consumer spending. The data for this index will be published on Tuesday 26 March 2024 at 15:00 CET. According to analytical estimates, a drop from 106.9 to 106.7 points is expected.

US durable goods orders – monthly

Monthly durable goods orders reflect the value of orders received by durable goods manufacturers in a given month compared to the previous month. The production of the transport industry is excluded from the calculation. The development of the index enables short-term forecasts of future production volumes. An increase in value can have a positive effect on dollar quotes. The value of the index will be published on Tuesday 26/03/2024 at 13:30 CET and an increase in its value by 0.4% is expected.

CPI Australian Consumer Price Index – Annual

The consumer price index reflects changes in the prices of consumer goods and services in a given year compared to the previous year. The index shows price changes from the consumer’s perspective. The consumer price index characterizes inflationary dynamics. Its growth may have a positive effect on Australian dollar quotes. The value of the index will be published on Wednesday, March 27, 2024. According to economic reporters, following economic analysts, a value of 3.5% is expected

US Gross Domestic Product (GDP) – Quarterly

This data is a measure of the total value of goods and services produced in a country. GDP is the most comprehensive indicator of economic performance and provides key insight into the driving forces of the economy. This data will be published on Thursday 28/03/2024 at 13:30 CET. According to economic correspondents following economic analysts, the value of the index is expected to be 3.2%.

Retail sales in Germany – monthly

Retail Sales reflects the change in the total value of sales at the retail level in the month under review compared to the previous one. The calculation is adjusted for inflation. The index is often called an indicator of consumer spending and allows for an appreciation of inflation. The information will be published on Thursday 28/03/2024 at 08:00 CET and an increase in value of 0.4% is expected.

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