Separate report on Building Approvals showed that in seasonally adjusted estimate for total dwellings approved rose 3.1% in February following a fall of 6.6% in the previous month. Private sector dwellings excluding houses rose 7.6% in February following a fall of 8.4% in the previous month, while private sector houses fell 1.2% in February and has fallen for two months.
From Australia, tomorrow, Trade Balance figures are scheduled for a release. Analysts are predicting decline in trade balance deficit to $2.55 billion. Also, RBA interest rated decision and the following statement will be published. Though, rates should remain unchanged, we can expect some volatility with the RBA Statement. In the US session Trade Balance, Non-Manufacturing PMI and JOLTS Job Openings figures will be published. Trade Balance deficit is expected to widen to $46.3 billion, while Non-Manufacturing PMI should increase to 54.1. JOLTS Job Openings are forecasted to rise to 5.57 million.
Figures to watch:
Trade Balance (Tuesday 3:30)
Cash Rate/RBA Rate Statement (Tuesday 6:30)
Trade Balance (Tuesday 14:30)
ISM Non-Manufacturing PMI (Tuesday 16:00)
JOLTS Job Openings (Tuesday 16:00)
