Trader’s calendar on february March 7-8: Markets to closely watch ECB rate decision and labor market

The US dollar index is under pressure, trading near 103.6. Meanwhile, traders are anticipating Jerome Powell's speech. In this connection, the end of the first week of spring promises to be extremely volatile.

We have two days of testimony from the head of the Federal Reserve before the US Financial Services Committee. Today, Powell will have to start explaining to lawmakers facing inflation-weary constituents why he is confident that price pressures will ease without destroying the labor market or, conversely, why the window for a soft landing is closing.

List of official InstaForex blogs:

00:00 INTRO
01:29 GOODS TRADE BALANCE
03:17 TRADE BALANCE
04:37 ECB DEPOSIT FACILITY RATE (MARCH)
06:11 UNEMPLOYMENT RATE
07:48 NON-FARM EMPLOYMENT CHANGE (FEBRUARY)