{"id":2198,"date":"2026-03-23T14:50:37","date_gmt":"2026-03-23T14:50:37","guid":{"rendered":"https:\/\/ftmo.com\/au\/?p=2198"},"modified":"2026-03-23T14:56:40","modified_gmt":"2026-03-23T14:56:40","slug":"trading-week-ahead-geopolitical-risks-pmis-and-uk-retail-sales","status":"publish","type":"post","link":"https:\/\/ftmo.com\/au\/blog\/trading-week-ahead-geopolitical-risks-pmis-and-uk-retail-sales\/","title":{"rendered":"Trading Week Ahead: Geopolitical Risks, PMIs and UK Retail Sales"},"content":{"rendered":"

Ongoing geopolitical tensions have reignited fears over a potential rise in inflation, while corporate earnings keep Carnival Corp’s<\/strong> unhedged fuel exposure<\/strong> and GameStop’s quarterly results<\/strong> in the spotlight. With central banks closely monitoring the situation, traders face a highly volatile environment across major asset classes.\u00a0<\/em><\/p>\n

Focus now shifts to PMIs in Europe<\/strong> and the US<\/strong>, alongside critical UK retail data<\/strong>, to gauge the true economic fallout and test consumer resilience.<\/em><\/p>\n

\ud83d\udc49 <\/strong>Eurozone PMI<\/b><\/p>\n

Manufacturing is forecast to slip into contraction at 49.5, with services cooling to 50.8. A weak print would confirm stagflation fears and pressure the euro. A surprise beat could trigger a brief risk-on rally.<\/span><\/p>\n

\ud83d\udc49 <\/strong>US PMI<\/b><\/p>\n

The services sector is forecast unchanged at 51.7. A robust print reinforces the higher-for-longer rate narrative and supports the dollar. A softer print may fuel recession fears and accelerate safe haven flows.<\/span><\/p>\n

\ud83d\udc49 <\/strong>UK Retail Sales<\/b><\/p>\n

A critical reality check for the British economy. Strong consumer spending will likely provide late-week support for the pound. A weak report could trigger a sharp risk-off sell-off in sterling.<\/span><\/p>\n

\n\n\n

\n \n
\n Tuesday, Mar. 24\n <\/div>\n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 9:30 AM<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"EUR\"\n <\/div>\n EUR<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n German PMI<\/span>\n <\/div>\n <\/div>\n \n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 10:00 AM<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"EUR\"\n <\/div>\n EUR<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n Eurozone PMI<\/span>\n <\/div>\n <\/div>\n \n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 2:45 PM<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"USD\"\n <\/div>\n USD<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n PMI<\/span>\n <\/div>\n <\/div>\n \n
\n Wednesday, Mar. 25\n <\/div>\n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 1:30 AM<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"AUD\"\n <\/div>\n AUD<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n CPI<\/span>\n <\/div>\n <\/div>\n \n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 8:00 AM<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"GBP\"\n <\/div>\n GBP<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n CPI<\/span>\n <\/div>\n <\/div>\n \n
\n Thursday, Mar. 26\n <\/div>\n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 6:00 AM<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"JPY\"\n <\/div>\n JPY<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n BoJ Core CPI<\/span>\n <\/div>\n <\/div>\n \n
\n Friday, Mar. 27\n <\/div>\n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 8:00 AM<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"GBP\"\n <\/div>\n GBP<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n Retail Sales<\/span>\n <\/div>\n <\/div>\n <\/div>\n\n
\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Date<\/th>\n Time<\/th>\n Instrument<\/th>\n Event<\/th>\n <\/tr>\n <\/thead>\n
Tuesday, Mar. 24<\/td>\n \n \n
\n \n \n \n<\/svg>\n<\/span>\n 9:30 AM<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"EUR\"\n <\/div>\n
EUR<\/div>\n <\/div>\n <\/td>\n\n
\n German PMI<\/span>\n <\/td>\n <\/tr>\n \n \n
\n
\n \n \n \n<\/svg>\n<\/span>\n 10:00 AM<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"EUR\"\n <\/div>\n
EUR<\/div>\n <\/div>\n <\/td>\n\n
\n Eurozone PMI<\/span>\n <\/td>\n <\/tr>\n \n \n
\n
\n \n \n \n<\/svg>\n<\/span>\n 2:45 PM<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"USD\"\n <\/div>\n
USD<\/div>\n <\/div>\n <\/td>\n\n
\n PMI<\/span>\n <\/td>\n <\/tr>\n \n \n
Wednesday, Mar. 25<\/td>\n \n \n
\n \n \n \n<\/svg>\n<\/span>\n 1:30 AM<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"AUD\"\n <\/div>\n
AUD<\/div>\n <\/div>\n <\/td>\n\n
\n CPI<\/span>\n <\/td>\n <\/tr>\n \n \n
\n
\n \n \n \n<\/svg>\n<\/span>\n 8:00 AM<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"GBP\"\n <\/div>\n
GBP<\/div>\n <\/div>\n <\/td>\n\n
\n CPI<\/span>\n <\/td>\n <\/tr>\n \n \n
Thursday, Mar. 26<\/td>\n \n \n
\n \n \n \n<\/svg>\n<\/span>\n 6:00 AM<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"JPY\"\n <\/div>\n
JPY<\/div>\n <\/div>\n <\/td>\n\n
\n BoJ Core CPI<\/span>\n <\/td>\n <\/tr>\n \n \n
Friday, Mar. 27<\/td>\n \n \n
\n \n \n \n<\/svg>\n<\/span>\n 8:00 AM<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"GBP\"\n <\/div>\n
GBP<\/div>\n <\/div>\n <\/td>\n\n
\n Retail Sales<\/span>\n <\/td>\n <\/tr>\n <\/tbody>\n <\/table>\n <\/div>\n