FX.co ★ Week Ahead - Mar 9th

Geopolitical developments will remain a key driver of global markets, as the war in the Middle East continues to push energy commodity prices higher and intensify concerns about global inflation. Upcoming reports from the IEA and OPEC will be closely watched for their assessment of the supply shock to seaborne energy flows from the Persian Gulf.

In the United States, attention will center on February consumer inflation data and the January PCE release. Price indices will likewise be in focus in China, India, Brazil, and Mexico, while in Japan the emphasis will be on household spending figures.

In the Eurozone, markets are awaiting key industrial production data for the currency bloc as a whole and for its largest member economies. In the United Kingdom, monthly GDP and industrial production will be in the spotlight. Finally, important leading indicators are scheduled for release in both Australia and Switzerland.