This is a list of the major events (News) for Monday - March 26, 2012 that will move the markets around the globe.
All times are given in GMT.
Monday – 03/26/2012
* EUR – German Ifo Business Climate : at 9:00am
It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment.
Previous 109.6, Forecast 109.7
* USD – Fed Chairman Bernanke Speaks : at 1:00pm
As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.
Federal Reserve (Fed).
* USD – Pending Home Sales m/m : at 3:00pm
It's a leading indicator of economic health because the sale of a home triggers a wide-reaching ripple effect. For example, renovations are done by the new owners, a mortgage is sold by the financing bank, and brokers are paid to execute the transaction.
Previous 2.0%, Forecast 1.0%