Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

The Day Ahead: Top 3 Things to Watch

Published 2018-02-06, 04:27 p/m
Updated 2018-02-06, 04:41 p/m
© Reuters.  What to watch out for in tomorrow's session

© Reuters. What to watch out for in tomorrow's session

Investing.com - Here’s a preview of the top 3 things that could rock markets tomorrow

Fed Speakers

The economic calendar for top-tier US data is light but speeches by New York Fed president William C. Dudley and San Francisco Fed president William are expected to be carefully parsed for clues on monetary policy.

The dollar traded lower against its major rivals on Tuesday as St. Louis Federal Reserve president James Bullard reiterated that he favors low rates for an extended period, and added that the 2% inflation target will remain the international standard.

Energy Information Administration Weekly Inventory Report

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 second-straight week.

Analysts forecast crude inventories rose by about 3.19 million barrels in the week ended Feb 2.

Crude oil futures settled lower on Tuesday amid expectations that Wednesday's EIA inventory report will show crude oil supplies, and output increased.

Its rate decision day... In New Zealand

The Reserve Bank of New Zealand (RBNZ) is slated to reveal its decision on interest rates Wednesday 15:00 ET, widely expected to remained unchanged at 1.75%.

The Reserve Bank of New Zealand is mulling reforms to its mandate after New Zealand prime minister-designate Jacinda Ardern said in October that her government wants to add employment to the central bank’s mandate, alongside inflation, to give it a dual target.

Recent reports suggested that the reforms could be implemented as soon as March.

Ahead of the RBNZ decision on interest rates, the NZD/USD rose 0.61% to $0.7308

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.