Weekly Market Outlook
Comprehensive cross-asset analysis and key events for the trading week ahead.
Week of March 17–21, 2026
This week is packed with high-impact events including FOMC minutes, the Bank of England rate decision, and the US Core PCE inflation report. Markets enter the week with a risk-on tone following the Fed's dovish signals, but volatility is expected around the BOE decision and PCE release. Positioning remains cautiously bullish across risk assets.
Economic Calendar Highlights
| Date | Event | Impact |
|---|---|---|
| Mon, Mar 17 | Eurozone Flash PMI (Manufacturing & Services) | High |
| Tue, Mar 18 | US Retail Sales (MoM) | High |
| Wed, Mar 19 | FOMC Meeting Minutes Release | High |
| Thu, Mar 20 | Bank of England Rate Decision | High |
| Fri, Mar 21 | US Core PCE Price Index (YoY) | High |
Forex Outlook
EUR/USD
Bullish1.0850 – 1.1050
Strong Eurozone PMI data and a weakening dollar support the bullish case. Watch for a sustained break above 1.0950 to target 1.1050.
GBP/USD
Neutral1.2650 – 1.2850
BOE decision is the key event. A dovish hold could push cable lower, while a hawkish surprise would target 1.2850 resistance.
USD/JPY
Bearish149.50 – 152.50
Dollar weakness and intervention risk cap the upside. A break below 150.00 could trigger a deeper correction toward 149.50.
Commodities Outlook
Gold (XAU/USD)
Bullish$3,150 – $3,280
Record highs intact with strong momentum. Pullbacks to $3,150–$3,180 are buying opportunities. PCE data is the key risk event.
Oil (Brent)
Neutral-Bullish$83.00 – $88.00
OPEC+ supply cuts support prices, but demand concerns from China cap upside. Range-bound trading expected.
Indices Outlook
US500 (S&P 500)
Bullish5,760 – 5,920
Fed dovishness supports risk appetite. Tech earnings momentum and rate-cut expectations favor the bulls. Key resistance at 5,880.
GER40 (DAX)
Bullish18,200 – 18,800
Strong PMI data and ECB rate-cut expectations drive European equities higher. New all-time highs are in play above 18,600.
Previous Outlooks
This outlook is for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results. Trading involves significant risk of loss. Always conduct your own analysis before making trading decisions.
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