Headlines the Economic Calendar on Thursday
1. Turkey Interest Rate Decision
In Turkey, the CBRT will hold its monetary policy council meeting, There is no market consensus regarding rate hike however the Bank should continue to have the tight monetary policy until the upside risks are over on inflation view. Any surprising revision would lead to volatility in USDTRY.
2. ECB Meeting Minutes
The European Central Bank will publish the minutes of its last rate-setting meeting today. The European Central Bank kept rates unchanged in their last meeting. The meeting minutes may give a more detailed about ECB Outlook.
3. US Housing Data
US Housing Starts will be announced and it is a critical indicator of economic strength in the US. The market expects housing starts to ease to 1.658 mln from 1.669 mln.
US Building Permits as another key indicator of demand in the housing market measure the change in the number of new building permits issued by the government. It is expected to come out at 1.678 mln in January.
4. US Crude Oil Inventories
US Crude oil stocks are expected to decline by -2.429M this week. Note that oil stocks declined by -6.644M barrels in last week.
18 Feb 21 (Thu)
06:14 am
Risk Warning
Important : One Billion Signals will not be liable for any losses sustained while using the services provided on the One Billion Signals application. This application is not a solicitation to trade forex signals, nor is the representation is being made that any account will, or is likely to, achieve profits or losses similar to those discussed on the application. The past performance of any trading system or methodology is not necessarily indicative of future results.
© 2024 One Billion Signals All Rights Reserved