The main events of Wednesday!

On Wednesday, March 6, the economic calendar will continue to be saturated with data due to the publication of Australian GDP, employment changes and the US trade balance, and the results of the Bank of Canada meeting.

At 00:10 – the speech of the head of the RBA Lowe will take place.

At 01:00 – data on expenditures in Japan will be released:
– Household expenditure index (m/m) (January), previous value -0.1%.
– Household Expenditure Index (y/y) (January), forecast -0.4%, previous value 0.1%.

At 02:30 – Australian GDP data will be announced:
– GDP (y/y) (Q4), forecast 2.5%, previous value 2.8%.
– GDP (q/q) (Q4), forecast 0.3%, previous value 0.3%.

At 15:15 – ADP nonfarm employment change (Feb), forecast  189K, previous value  213K.

At 15:30 – data on the US trade balance will be released:
– Export volume, previous value 209.90B.
– Import volume, previous value 259.20B.
– Trade balance (December), forecast -57.00B, previous value -49.30B.

Also at 15:30 – data for Canada will be released:
– Labor productivity (q/q) (Q4), forecast  0.2%, previous value 0.3%.
– Trade balance (December), forecast 2.80B, previous value -2.06B.

At 17:00 – the results of the Bank of Canada meeting will be published:
– BoC rate statement.
– Interest rate decision,  forecast  1.75%, previous value 1.75%.
– Business Activity Index (PMI) Ivey (Feb), forecast 55.1, previous 54.7.

At 17:30 – will release data on US oil inventories:
– Crude oil inventories, forecast 0,388M, previous value  -8,647M.
– Cushing (Oklahoma) crude oil inventories, previous value  1.628M.

At 21:00 – the Beige Book of the US Federal Reserve will be published.

Hanzenko Anton