Welcome to another trading week with SmartTradeFX to escort you along the way. Here is a taster of the events for the week to come.
Welcome to another trading week with SmartTradeFX to escort you along the way. Here is a taster of the events for the week to come. Let’s start with the US Federal Budget Balance on Tuesday. A deficit of $220 billion is expected for February after January saw a surplus of $2.9 billion. Next up on Wednesday is US Retail Sales data. Retail sales for February are expected to gain by 0.5% while core sales will probably gain by 0.2%. This comes after weak figures in January after reduced payroll taxes expired. Retail sales in January only gained by 0.1%. Also Wednesday, the Reserve Bank of New Zealand will announce their rate decision; no change is expected. On Thursday Australia will release its employment data. In January the unemployment rate remained at 5.4% and it is unexpected to rise by 0.1% this month with an addition of 10,700 jobs. The Swiss National Bank will be releasing its rate decision on Thursday morning, and it is unlikely to change. The US is set to release its PPI and Unemployment Claims data at 12.30. A 0.6% rise is predicted for the PPI while a small rise of 355,000 unemployment claims is expected. The US continues to release more data to close the week. A rise of 0.2% is expected for the country’s Consumer Price Index. Finally, consumer sentiment which rose to a three-month high last month is expected to improve again to 78.2 from 76.3.