Market focus

On Wednesday, August 22, 2018, the economic calendar will be saturated with significant data, which will cause a noticeable increase in activity. At the start of the day the focus of the market will be on retail sales in New Zealand and construction in Australia. A restrained influence on the market is expected from these news.

In the second half of the day, attention will shift to retail sales in Canada, real estate and oil inventories in the US. Particular attention should be paid to the data on oil, which can have a significant impact on the market. At the end of the day, the FOMC meeting minutes will be published, which is the key event of the Wednesday due to Trump’s criticism of the Fed and its tight monetary policy. As a result, investors will seek hints for raising rates in the text of the protocol.

Hanzenko Anton