Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Sunday, 21 January 18:35 (GMT -05:00)



Stock and commodities markets

Economic Calendar by Dukascopy 24.01.2017


Tuesday brings the latest Purchasing Managers Indices, so let's take a closer look with the Economic Calendar.
January PMIs from Euro zone countries are up first thing in the morning, starting with French data at 8 AM. The German index follows 30 minutes later, and the Euro Zone PMI comes at 9. The manufacturing index continued to improve in December as gains were recorded both in Germany and France, but the services index eased from the 12-month high reached in November.
UK Public Sector Net Borrowing for December follows at 9:30. The budget deficit was larger than expected in November, although it was smaller than the 12.9 billion deficit a year ago.
Coming up next at 2:45 PM GMT is the US Preliminary Manufacturing PMI for January. The Index has been growing for the past 3 months and now stands at its highest level in more than a year.
US Existing Home Sales for December are out at 3. November data surprised on the upside as sales reached their highest level since 2010.
Australian Westpac Leading Index for November will be available at 11:30. The Index stood unchanged in October, following two months of gains.
Japanese Trade Balance for December follows at 11:50. Trade surplus widened in November as exports grew faster than imports.
Australian fourth quarter CPI is scheduled at half past midnight, and it is a high importance release for the Aussie Dollar traders. The annual inflation picked up speed as adverse weather raised the prices for fruits and vegetables.
And New Zealand Credit Card Spending for December is out last at 2. Spending continued growing in November, but at a slower pace than the 10.1% gain the previous month.
I'm Hirofumi Kobayashi and this was the Economic Calendar for Tuesday, the 24th of January. Check back in for the next overview of news releases for Wednesday.

 

 

Video made by Dukascopy specialists

 

 

You are free to discuss this article here:   forum for traders and investors

 

Add to blog
Got a question? – Ask it here »
 

U.S. DoE Predicts Oil Market Oversupply over the Next 2 Year

The United States Department of Energy doesn't believe in the OPEC+ deal and expects excessive supply in the global market over the next 2 years. In particular, the January short-term report released by the DoE confirms that. They say this is going to be long-term oversupply. 

Publication date: 16 January 11:46 AM

Brent Oil Is Getting Closer to $70/b, Provoking a Shale Storm

Brent oil has come close to $70/b. It’s interesting to note that Brent oil has reached this level for the first time since 2014. At the same time, international experts now seem to be overwhelmed by mixed feeling about that.

 
According to NordFX, ICE Brent futures (London) for March delivery cost $62,2/b after gaining 0,5% on that day and 3,1% since the start of the trading week. WTI futures cost $63,5/b after gaining 0,8% on that day.
Publication date: 11 January 11:59 AM

OPEC Nations Don’t Want $60/b

The OPEC doesn't seem to be interested in oil prices above $60/b. At least this is what the Iranian Minister of Oil said the other day. By the way, Iran is the OPEC’s third-biggest producer of crude oil.

Publication date: 10 January 03:45 AM

Investment Banks Make Controversial Oil Forecast for 2018

After the OPEC+ deal was extended not so long ago, several investment banks changed their predictions for the global oil prices in 2018. Bloomberg tried to compile those prediction into a single article. 

Publication date: 02 January 11:44 AM

CBOE Launches World’s First Bitcoin Futures

As promised, the CBOE launched the world's first Bitcoin futures on December 10th at 15 p.m. Central Standard Time (CST). The first BTC futures trading session started at 15000 USD/BTC. Within the first couple of minutes, there were 150 transactions processed. Over the first 20 minutes, the exchange rate increased up to 15940 USD/BTC. Lateronitwenttemporarilyupto 16600 USD/BTC.

Publication date: 11 December 02:26 AM

American Shale Oil Producers Enjoy OPEC+ Deal Extension

On the last day of November, the OPEC and several non-OPEC oil exporters met in Vienna to discuss the future of the global oil market during the OPEC summit. The summit ended with extending the OPEC+ deal until the end of 2018. Experts say this decision means the OPEC+ participants have lost the long-term oil war with American shale oil companies.

Publication date: 03 December 11:03 PM

OPEC Is Worried About U.S. Shale Oil Production Prospects

The OPEC is concerned that their American rivals producing shale oil may catch at the chance given them by the OPEC+ deal. The deal is aimed to cap oil production and restore the market balance in favor of higher oil prices. The OPEC+ agreement is likely to be extended during the forthcoming OPEC summit on November 30th in Vienna, Austria.

 
Publication date: 29 November 11:49 AM

U.S. Stats Pushed Oil Prices Higher

According to online source Finanz, the U.S. crude oil inventories shrank over the past week, which pushed oil prices higher. After 3 weeks of retracing, crude oil is rallying confidently again. The Brent oil futures for January delivery reached $63,29/b, which is 1,15% higher than a day before. At the same time, The WTI oil futures for January delivery gained more than 2% and reached $57,94/b, which is the highest level since July 2015.

Publication date: 25 November 01:14 AM

Oil Market Is Under Pressure In Advance of OPEC Summit

Publication date: 24 November 07:01 AM

Saudi Arabia Doesn’t Want Oil Prices to Grow Too Fast

Reuters reports that Saudi Arabia doesn’t want oil prices to grow too fast. This is what Minister of Energy, Industry and Mineral Resources of Saudi Arabia Khalid A. Al-Falih told during his speech at the UN Climate Change Conference 2017 in Bonn, Germany.

Publication date: 19 November 08:58 AM