Market News

The RBNZ Rate Decision will be published in the Asian Session.


The RBNZ’S monetary policy decision will be announced. No rate change is expected from the RBNZ, but it will be the last meeting before Adrian Orr takes over as governor from Grant Spencer. Any hint regarding a change in the RBNZ outlook might create volatility in NZDUSD pair

09 May 18 (Wed)

03:58 pm

Oil hit fresh high since 2014 after Crude Oil weekly inventory data


Weekly US oil inventories -2197K vs -0.200K expected Also, US President Donald Trump walked away from an international nuclear deal with Iran yesterday, raising the risk of conflict in the Middle East and casting uncertainty over global oil supplies.

09 May 18 (Wed)

02:45 pm

US Crude Oil Inventories


Actual: -2.197M Forecast: -0.200M Previous: 6.218M

09 May 18 (Wed)

02:30 pm

Crude Oil Inventories will be published in 15 minutes


US Crude oil stocks are expected to decline by 0.719 M this week. Note that oil stocks rose by 6.218M barrels in last week. If the decline in crude inventories is more than expected, it would be bullish for crude prices

09 May 18 (Wed)

02:15 pm

Canada Building Permits (MoM) (Mar)


Actual: 3.1% Forecast: 2.0% Previous: -2.8%

09 May 18 (Wed)

12:32 pm

US Building Permits (MoM) (Mar)


Actual: 3.1% Forecast: 2.0% Previous: -2.8%

09 May 18 (Wed)

12:32 pm

US PPI (MoM) (Apr)


Actual: 0.1% Forecast: 0.2% Previous: 0.3%

09 May 18 (Wed)

12:31 pm

US PPI (YoY) (Apr)


Actual: 2.6% Forecast: 2.8% Previous: 3.0%

09 May 18 (Wed)

12:30 pm

OPEC and Allies set to agree oil cut extension to end of 2018


OPEC and non-OPEC oil producers look poised to agree today to extend output cuts until the end of 2018 to finish clearing a global glut of crude while signaling they could exit the deal earlier if the market overheats. Non-OPEC Russia, which this year reduced production significantly wi...

09 May 18 (Wed)

12:30 pm

US PPI Inflation will be published in 20 minutes.


US Producer Price Index (YoY) Inflation is expected to slightly ease to 2.8% in April from 3.0% a month ago while PPI (MoM) is expected to ease 0.2% from 0.3%. A worse than expected realization would hurt US Dollar.

09 May 18 (Wed)

12:11 pm

Headlines the Economic Calendar on Wednesday


The most important release of today is U.S Producer Price Index. PPI (YoY) Inflation is expected to slightly ease to 2.8% in April from 3.0% a month ago while PPI (MoM) is expected to ease 0.2% from 0.3%. A worse than expected realization would hurt US Dollar. US Crude oil stocks will b...

09 May 18 (Wed)

06:35 am

TRUMP SAYS OTHER NATIONS COULD ALSO BE SANCTIONED BY U.S.


TRUMP SAYS OTHER NATIONS COULD ALSO BE SANCTIONED BY U.S.

08 May 18 (Tue)

06:22 pm

President Trump says the United States will pull out of the Iran nuclear deal


President Trump says the United States will pull out of the Iran nuclear deal

08 May 18 (Tue)

06:21 pm

TRUMP SAYS IRAN DEAL WAS A GREAT `EMBARRASSMENT'


TRUMP SAYS IRAN DEAL WAS A GREAT `EMBARRASSMENT'

08 May 18 (Tue)

06:19 pm

TRUMP: IRAN DEAL ALLOWED IRAN TO CONTINUE ENRICHING URANIUM


TRUMP: IRAN DEAL ALLOWED IRAN TO CONTINUE ENRICHING URANIUM

08 May 18 (Tue)

06:19 pm

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