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.
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