The Main Events of Wednesday

Wednesday, March 21, is full of data, in particular, on employment in the UK, real estate sales in the US and the results of the RBNZ meeting.

The market will be focused on the meeting of the US Federal Reserve and a press conference of the Fed.

At 11:30 – data on employment in the UK:
– The average wage level (including premiums) in the UK, the forecast is 2.6%, the previous value is 2.5%.
– Change in the number of applications for unemployment benefits in the UK, the forecast is -5.0K, the previous value is -7.2K.
– The unemployment rate in the UK, the forecast is 4.4%, the previous value is 4.4%.

At 13:00 – the index of industrial orders (CBI) in the UK, the forecast is 9, the previous value is 10.

At 14:30 – the current account of the US balance of payments, the forecast is -125.0D, the previous value is -100.6D.

At 16:00 – data on real estate in the US:
– Sales in the secondary housing market in the US, the forecast is 5.41M, the previous value is 5.38M.
– Sales in the secondary housing market in the US (m/m), the forecast is 0.5%, the previous value is -3.2%.

At 16:30 – oil reserves in the US:
– Reserves of crude oil in the US, the forecast is 3.1182M, the previous value is 5.022M.
– Data on surplus oil reserves in Cushing (Oklahoma, USA), the previous value is 0.338M.

At 20:00 – the results of the meeting of the US Federal Reserve:
– Economic forecasts of FOMC.
– Statement by the US Federal Open Market Committee.
– The decision on the interest rate of the US Federal Reserve, the forecast is 1.75%, the previous value is 1.50%.

At 20:30 – a press conference of the Committee on Open Markets of the US Federal Reserve.

At 22:00 – the RBNZ sessions:
– The decision of the Reserve Bank of New Zealand on the interest rate, the forecast is 1.75%, the previous value is 1.75%.
– Statement of the Reserve Bank of New Zealand.

Hanzenko Anton