Retail Sales in the US and RBNZ Rate Statement in New Zealand are the main events today. Here is an outlook on the market-movers awaiting us
In the US, Retail Sales, important consumer spending indicator to value the total sales at the retail level, 0.5% is expected now from 0.1% on February. Core Retail Sales (without cart) 0.2% is likely now with no change from the last time.
Later in the US, Import Prices, impact on the inflation of businesses and consumers, and value the price change of imported goods and services, 0.5% is calculated now from 0.6% on February.
Later on in the US, Business Inventories, shows the total value of goods that are held in inventory by manufacturers and retailers, 0.5% is expected now from 0.1% on the last report.
More in the US, Crude Oil Inventories, weekly indicator to value the crude oil by barrels that are held in commercial firm’s inventory, 2.3M is estimated now from 3.8M on the last time.
Finally in the US, Federal Budget Balance, value the difference between the federal government’s income and spending; -200.0B is due this time from 2.9B during the previous month.
In Europe, Industrial Production values the manufacturers, mines, and utilities output production, due to drop down to -0.1% from 0.7% on February.
For more on the Euro, read the Euro to dollar forecast.
In Australia, Home Loans calculates the new loans that were granted for homes owners, rise up to 0.2% is likely from -1.5% on the previous month.
For more on the Aussie, read the AUD/USD forecast.
In New Zealand, Reserve Bank of New Zealand (RBNZ) Rate Statement, and RBNZ Monetary Policy Statement, to communicate with investors about monetary policy and discusses the economic outlook on the outcome of future decisions, followed by RBNZ Press Conference. Meanwhile no change is due on the Official Cash Rate and 2.50% is likely to remain similar to the last time.
For more about the kiwi, see the NZD/USD forecast.
Trade well
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