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