{"id":68174,"date":"2024-02-26T08:14:58","date_gmt":"2024-02-25T21:14:58","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=68174"},"modified":"2024-03-18T11:32:52","modified_gmt":"2024-03-18T00:32:52","slug":"the-week-ahead-week-commencing-26-february-2024","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/the-week-ahead-week-commencing-26-february-2024\/","title":{"rendered":"The Week Ahead \u2013 Week Commencing 26 February 2024"},"content":{"rendered":"\n<p>It was a fantastic week for investors last week as US stock markets hit new record highs as tech and AI-dominated stocks pushed the indices higher. The market is still in a positive mood as the fresh trading week approaches but there are some key data releases and central bank updates ahead which could present some headwinds or indeed fresh trading opportunities.<\/p>\n\n\n\n<p>Here\u2019s our usual day-by-day breakdown of the major risk events scheduled this week:<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2024\/01\/Monday.png\"><img decoding=\"async\" loading=\"lazy\" width=\"82\" height=\"26\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2024\/01\/Monday.png\" alt=\"\" class=\"wp-image-67655\"\/><\/a><\/figure>\n\n\n\n<p>A quiet start to the trading week with little on the calendar to get traders excited. Sterling traders will be keeping close tabs on MPC members Breeden and Pill when they speak during the London and New York sessions to feature the latest US New Home Sales data release.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2024\/01\/Tuesday.png\"><img decoding=\"async\" loading=\"lazy\" width=\"84\" height=\"26\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2024\/01\/Tuesday.png\" alt=\"\" class=\"wp-image-67656\"\/><\/a><\/figure>\n\n\n\n<p>Another relatively quiet and calm day before the storm of updates later in the week. Once again, the only tier 1 data releases are due in the North American time zone which features the US Durable Goods data release and the CB Consumer Confidence numbers.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2024\/01\/Wednesday.png\"><img decoding=\"async\" loading=\"lazy\" width=\"104\" height=\"26\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2024\/01\/Wednesday.png\" alt=\"\" class=\"wp-image-67658\"\/><\/a><\/figure>\n\n\n\n<p>The event calendar starts to heat up from today with a big focus on the antipodes early in the piece. First up the Aussie market has key CPI data due out before the focus swiftly jumps across the Tasman for the RBNZ\u2019s latest cash rate call. The European session is once again quiet, but US traders will be looking at the latest Prelim GDP numbers and we also hear from the FOMC\u2019s Bostic and Williams.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2024\/01\/Thursday.png\"><img decoding=\"async\" loading=\"lazy\" width=\"95\" height=\"26\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2024\/01\/Thursday.png\" alt=\"\" class=\"wp-image-67659\"\/><\/a><\/figure>\n\n\n\n<p>Set to be the week&#8217;s busiest day in risk event terms, G20 Meetings kick off, so traders are expecting updates throughout the day. The Asian session begins with attention once again on the Australian market with the latest Retail Sales numbers due out. In Europe, we have a raft of data prints due out, including, German Prelim CPI, Swiss GDP, and Spanish CPI numbers. The US session is also busy with Canadian GDP data due out before the week&#8217;s highlight, the US PCE Price Index number \u2013 the Fed\u2019s favored inflation print as well &#8211; as the usual weekly unemployment claims data.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2024\/01\/Friday.png\"><img decoding=\"async\" loading=\"lazy\" width=\"71\" height=\"26\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2024\/01\/Friday.png\" alt=\"\" class=\"wp-image-67660\"\/><\/a><\/figure>\n\n\n\n<p>The hits keep on coming into the final trading day of the week. The focus in APAC will be on the Chinese market early in the day with the release of the Manufacturing and non-manufacturing PMI numbers. The European session sees the release of the latest Core CPI Flash Estimate for the Eurozone and we have yet more US data due in the New York session, this time the ISM Manufacturing PMI numbers followed by the University of Michigan\u2019s Consumer Sentiment data.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It was a fantastic week for investors last week as US [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":67798,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[215],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/68174"}],"collection":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/comments?post=68174"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/68174\/revisions"}],"predecessor-version":[{"id":68594,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/68174\/revisions\/68594"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media\/67798"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=68174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=68174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=68174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}