The range of Retail Sales and Monetary Policy Statements, along with Unemployment Claims and Crude Oil Inventories, will control the direction of the market.
Here’s what you need to know this week:
Minutes of the Monetary Policy Meeting – Tuesday – 2:30 GMT
The minutes of the Reserve Bank of Australia meetings are usually released two weeks after the interest rate decision.
US Retail Sales (MoM) – Tuesday – 13:30 GMT
ACTUAL: 0.6 %
CONS: -0.4 %
The US Census Bureau publishes this data. It is a survey of goods sold by retailers, based on a sampling of retail stores of different types and sizes.
RBNZ Interest Rate Decision – Wednesday – 3:00 GMT:
The Reserve Bank of New Zealand declares this interest rate decision.
Crude Oil Inventories – Wednesday – 15:30 GMT
The EIA Crude Oil stockpiles report released by the Energy Information Administration is a weekly measure of the change in the number of barrels of crude oil and its derivatives in stock.
Minutes of the FOMC Meeting – Wednesday – 19:00 GMT
The minutes of the FOMC Meeting are typically issued three weeks after the day of the policy decision.
AUD – Employment Rate – Thursday – 02:30 GMT
CONS: 30 K
AUD – Employment Change – This data is generally released by the Australian Bureau of Statistics. It measures the change in employment levels in Australia
AUD – Employment Rate – Thursday
ACTUAL: 4.9 %
CONS: 5.5 %
ii) – Unemployment Rate – This data is typically released by the Australian Bureau of Statistics. It measures the number of unemployed workers, divided by the total civilian labor force.
United Kingdom Retail Sales (MoM) – Friday – 7:00GMT
ACTUAL: 0.5 %
CONS: 0.4 %
National Statistics typically releases this data. It aims to measures the total receipts of retail stores. The monthly changes in percentages reflect the rate of changes in retail sales.
- Market Update Today: Gold, Oil Prices and BitcoinGold Down, But Above $1800 Mark, Overfed Taper Uncertainty P: 1806.66A: 1795.51 – 11.15 – 1.24% with the weaker than expected data casting doubt on the U.S. Federal Reserve’s timeline to begin asset tapering. Investors now await the central bank’s policy decision due to be handed down next week. Oil prices jump over $2/bbl after […]
- S&P 500 Snaps Losing Streak as Energy Boost Coaxes Bulls From HidingThe S&P 500 rose on Wednesday, as a red-hot rally in energy stocks paved the way for the broader market to end its streak of daily losses. The S&P 500 rose 0.9% to snap a six-day losing streak. The Dow Jones Industrial Average gained 0.7% or 236 points, the Nasdaq climbed 0.8%.Energy rallied more than […]
- Dollar Pairs Gain; Oil UpdateDollar pairs gains on dovish Fed speak, before ECB meeting EUR/USD – Euro US DollarP: 1.1813A: 1.1819 +0.0006 +0.05%GBP/USD – British Pound US DollarP:1.3768A: 1.3773 +0.0005 +0.04%JPY/ USDP: 110.23A: 110.24 0.01 0.00% The dollar pared gains on Wednesday as Treasury yields dipped after a Federal Reserve official offered a dovish outlook on the economy, and […]
- Wall Street ends lower; Six of the 11 S&P 500 sector Indexes FellWall Street ends lower, weighed down by Big Tech Wall Street ended lower on Wednesday, spooked by worries that the Delta coronavirus variant could blunt the economy’s recovery and on uncertainty about when the Federal Reserve may pull back its accommodative policies. Apple and Facebook fell about 1% after helping push the Nasdaq to record […]
- Market Week Ahead: NFP Update; BoC, RBADespite a huge miss in US non-farm payrolls, where the nation added 235k jobs versus 733k expected in August, most stocks on Wall Street concluded the week higher. The tech-heavy Nasdaq 100 outperformed the S&P 500 and more cyclically-sensitive Dow Jones. Forex Update it was another terrible week for the US Dollar as it underperformed virtually every G10 currency. The boost in market […]