Published 2 months ago in Trading Week Ahead

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 US 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

👉 US 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.

16/03/26

Time

13:30

Instrument

CAD

Event
CAD CPI

17/03/26

Time

04:30

Instrument

AUD

Event
AUD Cash Rate

18/03/26

Time

11:00

Instrument

EUR

Event
EUR CPI

Time

13:30

Instrument

USD

Event
US PPI

Time

14:45

Instrument

CAD

Event
BOC Rate Statement

Time

19:00

Instrument

USD

Event
FOMC Statement

19/03/26

Time

04:00

Instrument

JPY

Event
BoJ Rate Decision

Time

08:00

Instrument

GBP

Event
UK Claimant Count

Time

13:00

Instrument

GBP

Event
BOE Bank Rate

Time

14:15

Instrument

EUR

Event
ECB Refinancing Rate

Date	Time	Instrument	Event
16/03/26	13:30	CAD	CAD CPI
17/03/26	04:30	AUD	AUD Cash Rate
18/03/26	11:00	EUR	EUR CPI
	13:30	USD	US PPI
	14:45	CAD	BOC Rate Statement
	19:00	USD	FOMC Statement
19/03/26	04:00	JPY	BoJ Rate Decision
	08:00	GBP	UK Claimant Count
	13:00	GBP	BOE Bank Rate
	14:15	EUR	ECB Refinancing Rate