Forecast : 52.0
24 Jul 17 (Mon)
Mechanisms are in place to ensure better compliance
Oil Demand is healthy broadly-based
Sees Saudi deep cut in August, promise
All eyes now turn to St Petersburg, where representatives of major producers taking part in the coordinated output reduction scheme will meet to discuss their progress.
The International Monetary Fund (IMF) has lowered its forecasts for the US and UK economic growth this year, Following weaker than expected activity in the first three months.The IMF says it now ex...
Eurozone Manufacturing PMI to be announced today which is expected to ease slightly to 57.2 in July from 57.4 compared to a month ago while service PMI is expected to slightly increase to 55.5 from...
The Market Agenda is not heavy today.
Canada CPI Inflation will be announced today and it is expected to ease slightly to 1.0% (YoY) from 1.3% a month ago in June.
Retail sales gro...
21 Jul 17 (Fri)
He sees rates at the present level well past the end of QE
QE will run until ECB sees sustain inflation pickup
Monetary policy has continued to secure very fa...
20 Jul 17 (Thu)
The European Central Bank left interest rates unchanged, as expected. We will follow Governor Draghi speech in the press conference.
No rate change is expected from the ECB, however, Governor Draghi's statements about the fate of quantitative easing in Eurozone will be quite important for EURUSD. Recall that ECB has extended...
Actual: 3.0 %
Forecast: 2.5 %
Previous: 0.6 %
The key Policy Balance Rate remains at -0.1%, the ten-year government bond yield target is still an unenticing 0.0%. Heavy bond-buying also remains in place, at an annual pace of JPY80 trillion (US...
U.K. Retail Sales excluding fuel to be announced and it is expected to rise to 2.5% expected y/y growth in June, following 0.6% expansion a month ago. Any realization signaling a weakness in growth...
German Producer Price Index was just published. PPI inflation (YoY) came out at 2.4% which is better than expected. Note that It was at 2.8% a month ago.
Actual: - 4.727 M
Forecast: - 3.214 M
Previous: - 7.564 M
19 Jul 17 (Wed)
It is expected to decline by 3.214 M this week. It may be important for oil prices which tumbled within the week. Note that oil stocks declined by 7.564 M barrels in last week.
Actual: 1.254 M
Forecast: 1.200 M
Previous: 1.168 M
Actual: 1.215 M
Forecast: 1.555 M
Previous: 1.092 M
U.S Housing starts will be announced today. It is a critical indicator of economic strength which reflects the number of privately owned new houses on which construction has been started is an impo...
Bank of England Governor Mark Carney did not comment on the monetary policy nor the current state of the economy.
18 Jul 17 (Tue)