Eurozone Trade Balance for February will be published today and it is expected to rise to 20.2 billion from 19.9 billion. The US Job Openings and Labor Turnover Survey (JOLTS) will also see daylight. It is expected to ease to 6110M in February from the previous number of 6312M
Actual: 1.6% Forecast: 1.6% Previous: 1.6%
Actual: 0.0% Forecast: 0.2% Previous: 0.3%
Actual: 0.3% Forecast: 0.2% Previous: 0.2%
Actual: 233K Forecast: 231K Previous: 242K
ECB 'BROADLY AGREED' NOT ENOUGH EVIDENCE INFLATION IS SUSTAINED ECB SAW GLOBAL ECONOMIC RISK AS TILTED TO DOWNSIDE IN MARCH ECB HAD 'WIDESPREAD CONCERN' OVER RISK OF TRADE CONFLICTS
The ECB kept interest rates unchanged at 0% in their last meeting. However, The ECB’s Nowotny comment stamped on the market this week. He said they will end bond buys this year, adding that it is too early to say when rate hikes will start.The minutes may help forecasters model ECB’s upcoming dec...
Actual: 12.98% Forecast: 7.50% Previous: 11.90%
Actual: -0.8% Forecast: 0.1% Previous: -0.6%
Eurozone Industrial production will be announced today. The Market expects industrial production to rise to 0.1% m/m in February from -0.1% a previous month. Year-on-year, it is expected to rise to 3.8% from 2.7%. A higher than expected reading should be taken as positive for the Euro. ...
Fed: Majority of Fed officials see trade wars as downside risk All members expected 12-month inflation to rise in the coming months Signal greater confidence in rate path amid firming inflation FOMC Minutes Show Members Bullish On Trump Ta...
The FOMC meeting Minutes may give a more detailed explanation of March meeting. Federal Reserve hiked interest rates by 25 basis points and raised target interest rate to 1.75 - 1.50 percent in March, as expected. The Fed projected for two more rate hikes for 2018 and they said the inflation to m...
The Oil price stays higher despite surprise increase In U.S. Crude Stocks The US. Energy Information Administration said in its weekly report that crude oil inventories rose by 3.3 million barrels in the week ended April 6. The Oil Price surged to its highest level since late...
Actual: 3.306M Forecast: -0.600M Previous: -4.617M
The Crude Oil Inventories is expected to decline by -0.600 M this week. Note that oil stocks declined by -4.617 M barrels in last week. If the decline in crude inventories is more than expected, it would support the crude prices.
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