Investing.com - Here’s a preview of the top 3 things that could rock markets tomorrow
US macro data on tap
Market participants look ahead to the release of a duo of economic reports on Wednesday, which may offer further guidance on the strength of U.S. economy.
The Commerce Department on Thursday is expected to report an uptick in core durable goods orders to 0.2% from 0.6% in the prior month, suggesting weakness in business sentiment.
The decline in the number buyers signing contracts to purchase existing homes is expected to continue in August. Economist forecast Pending Home Sales fell 0.5% in August.
The dollar rose against its rivals on Monday after Janet Yellen reaffirmed the central bank’s view that raising rates gradually was the most appropriate policy amid uncertainty over inflation.
U.S. crude oil stockpiles to show fourth-straight weekly increase?
A fresh batch of inventory data from the Energy Information Administration (EIA) on Wednesday is expected to show that U.S. crude stockpiles rose for a fourth-straight week.
Analysts forecast crude inventories rose by about 3.4m barrels in the week ended Sept. 22.
Crude oil prices have made a volatile start to the week as investors weigh prospect of higher global demand against expectations of an uptick in U.S. shale output.
Crude oil futures settled at $51.88, up 34 cents, on Tuesday.
It's rate decision day... In New Zealand
The Reserve Bank of New Zealand (RBNZ) is slated to reveal its decision on interest rates Wednesday 16:00 EDT, widely expected to remained unchanged at 1.75%.
Investors, however, will parse the policy statement on Wednesday to establish whether the central bank continues to believe that rates should be kept “lower for longer” after the general election results have created some uncertainty over its policy direction.
Ahead of the RBNZ decision on interest rates, USD/NZD rose 0.81% to 1.3876.