Market Week Ahead: FOMC, Crude Oil and Retail Sales

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

Previous Release
ACTUAL: 0.6 %
DEV: 0.37
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

Previous Release
ACTUAL: -0.447M
DEV: 0.18
CONS: -1.271M

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

Previous Release
ACTUAL: 29.1K
DEV: -0.02
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

Previous Release
ACTUAL: 4.9 %
DEV: -3.44
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

Previous Release
ACTUAL: 0.5 %
DEV: 0.03
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.

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