Important Market Events for March 16, 2016

March 16, 2016

Here are the most important financial market events for March 16 that every trader needs to know:

Oil Producers’ Meeting on April 17

OPEC and non-OPEC producers have agreed to conduct a meeting on April 17 in Doha, Qatar, even without Iran’s attendance. The said meeting will center on the plan to freeze output.

As of 6:00 AM ET, Brent has surged by 2.07 percent or 80 cents, to reach $39.54 per barrel. Meanwhile, WTI crude has rallied by 2.15 percent or 78 cents, to hit $37.12 per barrel.  

Fed’s Press Conference

Market players should watch out for the decision of the Federal Reserve set to be released later in the day for new guidance on the future path of interest rates.

It is widely anticipated that the US central bank will leave the rates unchanged, but the Fed could provide guidance regarding the pace of the interest rate hike over the next several months.

The Chairwoman of the Federal Reserve will hold a press conference 30 minutes after the Fed’s statement is released. Additionally, its latest predictions for interest rates and the growth of the economy will also be announced.

UK Labor Market Recovery

Unemployment in the United Kingdom held at its lowest rate for a decade, while the wage growth edged higher, signaling an improvement in the UK labor market.

According to the Office for National Statistics, in the 3 months through January, wage growth including bonuses climbed by 2.1 percent. Meanwhile, the claimant count dropped 18,000, leaving the unemployment rate at 5.1 percent—the lowest since the early part of 2006.

London Stock Exchange Group and Deutsche Boerse to Merge

On Wednesday, London Stock Exchange Group and Deutsche Boerse agreed to an all-share merger. This merger deal will create the largest securities-markets operator in Europe, amounting to over $30 billion.

The Chairman of London Stock Exchange Group Mr. Donald Brydon will be designated as the chairman of the combined group, while the Deutsche Boerse executive Carsten Kengeter will be appointed CEO.

Publication source
Trade12 information  Trade12 reviews

September 23, 2016
Risk rating
The market is in need of a new narrative. The Fed meeting in December is too far off and for now, the US election is not something that entices excitement. With central banks on hold, markets are pushing the envelope in terms of risk...
September 23, 2016
Greenback regains some ground
On Friday, the evergreen buck regained some ground against other key currencies, as markets kept digesting the Fed’s latest policy decision...
September 23, 2016
Dollar rebounds slightly as precious metals are in a hot zone
The US Dollar rebounds after a substantial selloff led by the FOMC decision to leave the interest rate unchanged. The Dollar index, which tracks the US currency against major peers, recoiled with support at a 95.00 level on Thursday, adding 0.05% to the 95.36 price in the early Friday session...

Tickmill Rating
FXTM Rating
Orbex Rating
Grand Capital Rating
OctaFX Rating
Larson&Holz IT Ltd Rating

Grand Option Rating
Banc De Binary Rating
EZTrader Rating
OptionFair Rating
TropicalTrade Rating
OptionTrade Rating