The main events of Wednesday!

On Wednesday, March 27, the day is full of news, among which are the results of the RBNZ meeting, a number of speeches by the ECB representatives, including the speech of the ECB President M. Draghi and data on the US trade balance.

At 03:00 – the results of the RBNZ meeting will be published:
– Interest rate decision, forecast  1.75%, previous value  1.75%.
– Statement by the Reserve Bank of New Zealand.

At 04:00 – a press conference of the RBNZ will be held.

At 10:00 – the ECB President Draghi will speak.

At 14:30 – data on the US trade balance will be released:
– Export volume, previous value 205,10B.
– Import volume, previous value 264.90B.
– Trade balance (Jan), forecast -57.00B, previous value -59.80B.

Also at 14:30 – Canada will release its trade balance (Jan.),  forecast -3.50B,  previous value -4.59B.

At 16:30 – data on US oil inventories will be released:
– Crude oil inventories, forecast -2,400M, previous value -9,589M.
– Cushing (Oklahoma) Crude oil inventories,  previous value -0.468M.

At 17:00 – the current account balance will be published (Q4), forecast  -130.0B,  previous value -124.8B.

Hanzenko Anton