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Ready for another week of dollar trading? Check out the potential catalysts that might affect the Greenback’s price action in the next few days!

Flash Markit PMIs (Mar 24, 1:45 pm GMT)

  • Manufacturing PMI is expected to drop from 50.7 to a contractionary 49.4 reading in March
  • Services PMI could hit 48.5 after printing at 49.4 in February

Unemployment claims (Mar 26, 12:30 pm GMT)

Core PCE price index (Mar. 27, 12:30 pm GMT)

  • Core PCE price index is expected to rise by 0.2% after a 0.1% growth in January
  • The Fed closely watches the PCE price index for inflation cues so you should too
  • The report’s impact may pale in comparison to the Fed’s more immediate (TRILLION-DOLLAR!) concerns, however

Other lower-tier reports

  • Richmond’s manufacturing index (Mar 24, 1:45 pm GMT) could drop from -2 to -10 in March
  • New home sales (Mar 24, 2:00 pm GMT) could ease from 764K to 750K
  • Durable goods orders (Mar 25, 12:30 pm GMT) is seen to deteriorate from -0.2% to -0.8% in February. The core reading is also expected to dip from 0.8% to -0.2%

Market risk sentiment

  • Watch the newswires closely for more monetary and fiscal policy changes from U.S. authorities and see how it affects market sentiment and prices of major asset classes
  • Another round of risk aversion in the markets could extend USD’s gains across the board this week
  • PMI reports from other major economies can also inspire volatility among USD’s counterparts

Technical snapshot

  • RSI is flagging USD’s “overbought” conditions against GBP, AUD, NZD, and CAD on the daily time frame

  • USD has seen the most volatility against AUD, NZD, JPY, and GBP in the last 30 days

  • The dollar reigns supreme as USD trades above its short and long-term EMAs on the daily time frame

Missed last week’s price action? Read USD’s price recap for March 16 – 20!