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Bitcoin: Base formation or rising wedge? The Fed and Brexit moved markets in another busy week. The US data is in the limelight in the last week of March. Here the highlights for the next week. US Durable Goods Orders: Tuesday, 12:30. Orders of durable goods reflect investment and feed into GDP calculations. This is the second release of the dataset this month, as the Census Bureau is catching up with the gap created by the government shutdown.
The previous report was for January and showed an increase in the headline figure by 0. We will now get the data for February. US CB Consumer Confidence: Tuesday, 14:00. Consumer confidence was hit by the government shutdown but recovered according to both the University of Michigan’s measure and also this one. Confidence is correlated with actual consumption. After hitting a level of 131.
4 in February, a similar number is due for March. New Zealand rate decision: Wednesday, 1:00. The Reserve Bank of New Zealand was not as dovish as its peers in Australia. The economy has seen its ups and downs but is generally doing well. Governor Adrian Orr and his colleagues are set to maintain the interest rate at 1.