In the UK, Manufacturing Production for April will be an important release of today and it is expected to decline to -0.2% from -0.1% in the preceding month. A lower than expected reading should be taken as negative for the Sterling. Market participants will watch the release of May hou...
Actual: 222K Forecast: 223K Previous: 223K
The GBPUSD pair showed a downward movement after May seen to concede to hardline Brexiteers PM May is said to have backed down on no end-date
CBRT raises one-week repo rate to 17.75%. Prior one-week repo rate 16.50% TURKEY CBANK: IF NEEDED ADDITIONAL TIGHTENING TO BE MADE
TURKEY'S CENTRAL BANK RAISES ONE-WEEK REPO RATE TO 17.75%
The Rate Decision will be very critical for Turkish Lira, especially just before the election. The Central Bank should continue to have the tight monetary policy. As long as inflation and unemployment remain in double-digit levels, the TL weakness is most likely dominate. We might see some fluctu...
Actual: 2.5% Forecast: 2.5% Previous: 2.5%
Oil ministers from OPEC, including Russia, are set to meet in Vienna today amid growing expectations that the oil-cartel will agree to extend output cuts for nine-months through 2018. Concerns over Russia willingness to participate in a prolonged period of cuts, however, have weighed on oil price...
The GDP is expected to come out at 0.4% q-o-q growth as the same as previous number. This would lead to an annual realization of 2.5%. A better than expected realization may support EURUSD.
Turkey Interest Rate Decision will be published today. If we look at last month, due to the Turkish Lira weakness, Turkey's central bank interest rates have increased unexpectedly. Late Liquidity raised its lending rate by 300 basis points to 16.5%. Also, the CBRT took a simplification...
Actual: 2.072M Forecast: -2.000M Previous: -3.620M
US Crude Oil Inventories is expected to decline by 1.824 M this week. Note that oil stocks declined by 3.620M barrels in last week.
Actual: -1.90B Forecast: -3.40B Previous: -3.93B
Actual: -46.20B Forecast: -50.00B Previous: -47.20B
Actual: 0.4% Forecast: 0.7% Previous: 0.7%
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