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Macroeconomic calendar

 Daria Bulanova, Analyst, Global Markets (Finam)

Wednesday, March 28, is expected to see a modest flow of economic data.

At 0.00 GMT euro-focused investors are advised to analyze Germany’s preliminary CPI for March. As analysts expect, in March the index’s growth slowed down from 0.7% m-o-m to 0.3% m-o-m.

Pound-focused traders are advised to pay attention to the UK’s final GDP data for Q4 at 8.30 GMT. The market, on average, does not expect any revision of the preliminary numbers (a quarterly contraction of 0.2%).

Durable goods orders for February, a substantial indicator for the greenback, will come out of the United States at 12.30 GMT. On average, investors anticipate the metric to rise 1.9% in February after January’s 3.7% slide, which could prop up the dollar.

The EIA will come out with its report on crude, gasoline and distillate stockpiles at 14.30 GMT.

A speech by Saint Louis Fed president James Bullard will begin after hours.

Yen-focused traders are advised to keep an eye on Japan’s February retail sales at 23.50 GMT. On average, investors expect sales to grow at a slower pace (1.9% in January to 1.3%), which could become a negative for the euro.