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US Crude oil stocks are expected to decline by -3.081M this week. Note that oil stocks decreased by -1.085M barrels in last week
BOC: ACCOMMODATION PROVIDED BY CURRENT RATE REMAINS APPROPRIATE
Fed Chairman Jerome Powell will be the focus of attention as he delivers his semiannual monetary policy report to Congress. The testimony will allow Powell the opportunity to express his outlook on the future path of interest rates with less than three weeks to go before the next policy...
BoC Rate Decision will be published in 20 minutes. The Bank of Canada is expected to leave interest rates unchanged and raise its forecast for economic growth.
Iran's expansion of the nuclear program is an attempt to extort payments from the international community Brinkmanship and extortion tactics will not bring Iran sanctions relief The path the regime is now on will only deepen its international isolation and raise the dangers it...
A 'dovish-er' than expected set of prepared remarks from Fed Chair Powell has sparked a bid in Indices and gold as the dollar takes a dive ahead of his testimony
It appears trade uncertainties and concerns about global economy continue to weigh on u.S. Economic outlook -prepared testimony. Baseline outlook is for U.S. economic growth to remain solid, labor markets to stay strong and inflation to move back up to central bank's 2% target.
Eurozone 2019 GDP growth 1.2% (unchanged) Eurozone 2020 GDP growth 1.4% (previously 1.5%) Euroozne 2019 inflation seen at 1.3% (previously 1.4%) Germany 2019 GDP growth 0.5% (unchanged) Germany 2020 GDP growth 1.4% (previously 1.5%)
1. UK Manufacturing Production We will look to a duo of reports on manufacturing and industrial production for an insight into the progress on UK economic growth amid fresh political uncertainty. Economists’ forecast manufacturing growth in May rose 2.2% from...
He sees no reason for interest rate changes Would entertain rate cuts if you believe the economy was weakening substantially Slowing global growth and uncertainty over trade policy have created clear risks to a no change outlook He supported the decision to hold rate...
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