Trading Week Ahead: Global Inflation Fears
Escalating Middle East tensions and a sharp rally in crude oil have reignited global inflation fears. Against this volatile backdrop, traders face a critical week as fresh U.S. producer prices lead directly into high-stakes policy decisions from the Federal Reserve and the European Central Bank. The focus rests heavily on whether policymakers adjust their forward guidance to address the rising energy prices
👉 U.S. PPI
Headline producer prices are forecast to cool to 0.3% following a previous 0.5% increase. As a key leading indicator for inflation, an upside surprise forces a hawkish curve repricing and lifts the dollar, while a softer number may cap yields and support equities ahead of the Fed.
👉 FOMC Statement
Rates are widely expected to remain on hold, making the updated dot plot and forward guidance the primary focus. A hawkish shift to address energy-driven inflation risks could crush risk sentiment and drive broad USD strength, whereas dovish signals would trigger a sharp relief rally.
👉 ECB Refinancing Rate
Traders expect the main policy rate to hold at 2.15%, but surging European gas prices have complicated the outlook. Hawkish forward guidance addressing entrenched inflation will trigger immediate euro strength. A focus on growth risks and a weakening jobs market may weigh heavily on the single currency.
1:30 PM
CAD
CAD CPI
4:30 AM
AUD
AUD Cash Rate
11:00 AM
EUR
EUR CPI
1:30 PM
USD
US PPI
2:45 PM
CAD
BOC Rate Statement
7:00 PM
USD
FOMC Statement
4:00 AM
JPY
BoJ Rate Decision
8:00 AM
GBP
UK Claimant Count
1:00 PM
GBP
BOE Bank Rate
2:15 PM
EUR
ECB Refinancing Rate
| Date | Time | Instrument | Event |
|---|---|---|---|
| 03/16/26 |
1:30 PM |
CAD
|
CAD CPI |
| 03/17/26 |
4:30 AM |
AUD
|
AUD Cash Rate |
| 03/18/26 |
11:00 AM |
EUR
|
EUR CPI |
|
1:30 PM |
USD
|
US PPI | |
|
2:45 PM |
CAD
|
BOC Rate Statement | |
|
7:00 PM |
USD
|
FOMC Statement | |
| 03/19/26 |
4:00 AM |
JPY
|
BoJ Rate Decision |
|
8:00 AM |
GBP
|
UK Claimant Count | |
|
1:00 PM |
GBP
|
BOE Bank Rate | |
|
2:15 PM |
EUR
|
ECB Refinancing Rate |
*All times in the table are in GMT+1
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