Headlines the Economic Calendar on Wednesday
1. OPEC Monthly Report
Pay attention to the OPEC monthly report today.
The OPEC monthly report will provide investors with an update on the cartel's outlook on world demand and supply at a time when investor expectations are running high that OPEC and its allies will continue to cut production.
2. US PPI Inflation
Watch out for US Producer Price Index today. The US PPI is predicted to stay at 1.7% year-on-year basis. While the Core PPI inflation is expected to rise to 2.2% from 2.1%. A higher than expected reading should be taken as positive for the US Dollar.
3. Crude Oil Inventories
Finally, Crude oil stocks today to be published in the U.S and it is expected to decline by -2.600M this week. If we look at last week’s data; oil stocks dropped by -4.771M barrels. It will be important for oil prices.
11 Sep 19 (Wed)
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