What will move the market next week

Without a doubt , the most important event in this week was the rate hike by FED. This hike is seen as a confidence vote toward american economy and indicates increasing inflation and jobs growth. From Goldman Sachs comments: FED increased rates on 15th of March, and the expectations are for a two more hikes until the end of the year. The investors are trying to judge how the market will react to the other two hikes.

The Vanguard Group commented to the issue with, with this move FED is signalizing stability in the american economy and that the market is reacting correct to this actions. They think that additional hikes will be necessary because of the increasing inflation.

The dollar turned around his loses , but still will declare his biggest weekly loss since February. Emerging markets stocks increased for a 6th consecutive day, but European and S&P futures are almost unchanged. The oil price are ready for their 1st weekly gain during March, after the minister of energy of Saudi Arabia said that additional cut is coming.

The movements are slowing down in Friday, global stocks are going to declare their 1st gain since January, after the rate hike.

Volatility index G& of JPMorgan dropped to 7.5 % , lower since November 2014.

What can we expect from the next week

Next week , USA'a indexes will most likely keep their upward movement, but we are not excluding corrections.

The new plan for healthcare of D.Trump will pull this sector down, and may cause a correction of S&P.

In UK , triggering Article 50 is still in the traders calendar. The Article is considered as a important event , but currency analysis are expecting the invoking itself not to have big influence on the GBP. This week GBP grew above 1.23 against the USD and gain 0.5 % against the EUR.

But still , the invoking of the article will not pass unseen by the investors. Even thought is a sure deal, that probably will lead to GBP decline.

GBP is considered cheap, if we take under consideration UK's economy's health which is expected to rise 2 % during 2017. The currency remains weak, and even the volatility drops against the dollar , that may change if the pair drops under 1.20.

The problem before the investors is that they can't know what will be the outcome for the country after 2 years of negotiations.

Most likely GBP will be influenced by other countries growth.

In Monday there are no important data.

In Tuesday the data from UK's CPI are going to be published at 9:30 GMT and they will give us indications for how invoking Article 50 affects UK's economy. Later the same day we will see that data for Core retail sales from Canada.

Wednesday - At 14:00 we will see the data from existing home sales from USA, and maybe the most important data it's going to be from New Zealand about interest rate decision at 22:00 GMT.

At Thursday we are going to see the data for Retail sales from UK at 9:30 GMT, and 14:00 USA - New home sales.

In Friday , the day will start with Germany Manufacturing index at 10:30 and after that 14:30 Canada and USA CPI .