Economic Overview - March 16, 2026

Summary of Last Week’s Key Economic Events

Last week, various economic data points were released, presenting a mixed picture of the global economy:

• United States: Inflation remained stable, GDP growth slowed, and durable goods orders weakened. However, the labor market showed resilience with stronger existing home sales.
• Eurozone: Industrial production saw a significant decline, indicating pressure on the manufacturing sector.
• United Kingdom: The economy showed signs of slowing, with GDP posting zero growth and a decline in industrial production.
• Canada: The labor market showed weakness, with rising unemployment and significant job losses.
• Australia: Consumer confidence improved compared to previous readings.
• Japan: Household spending declined despite a slight GDP growth improvement in Q4.
• China: Economic data showed notable improvement, with inflation, exports, and imports rising above expectations, indicating a partial recovery in demand.

Market Analysis

USD / Danish Krone

The USD/DKK pair reached 6.5485, its highest since August 2025, rising about 3% year-to-date. Weak Danish economic performance and the strength of the US dollar, driven by geopolitical tensions and expectations of higher US interest rates, supported this rise. The RSI indicates overbought conditions, while the MACD shows bullish momentum.

Micron Technology

Micron shares have surged 49% year-to-date, with upcoming Q4 earnings expected at $8.48 per share, up from $1.56 previously. Revenue expectations are $18.78 billion, compared to $8.05 billion. The RSI indicates positive momentum, and the MACD shows bullish crossover.

Gold

Gold prices declined for the second week, closing at $5,019 but are up 16% year-to-date. The strength of the US dollar and rising Treasury yields exerted pressure on gold prices. Despite this, gold remains a hedge against inflation, supported by geopolitical tensions and rising global debt. The RSI indicates negative momentum, with a bearish MACD crossover.

DAX Index

The German DAX index continued its downward trend, down about 4% year-to-date, influenced by geopolitical tensions and rising energy prices. The RSI indicates bearish momentum, and the MACD shows a bearish crossover.

Key Events This Week

Several important economic indicators and data releases are anticipated:

• Monday: Retail sales, industrial production, fixed asset investment, and unemployment rate in China; CPI in Canada; industrial production in the US.
• Tuesday: Interest rate decision from the Reserve Bank of Australia; pending home sales in the US.
• Wednesday: Interest rate decisions from the Bank of Canada and US Federal Reserve; export/import data in Japan; CPI in the Eurozone; US producer prices and factory orders.
• Thursday: Interest rate decisions from the Bank of Japan, Swiss National Bank, Bank of England, and European Central Bank; various economic data releases across Australia, Japan, the UK, Eurozone, and the US.
• Friday: Loan Prime Rate decision from the People’s Bank of China; Eurozone trade balance; retail sales data in Canada.