By FXEmpire.com
Crude Oil Fundamental Analysis April 18, 2012, Forecast
Analysis and Recommendations:
Crude Oil climbed to 105.00 in early trading, and held. The commodity did not even respond to the Obama Administration and the President’s speech today asking for new laws and controls to stop speculators in the crude oil markets.
The Obama administration proposed new measures Tuesday to limit speculation in the oil markets, seeking to draw a contrast with Republicans who have been calling for more domestic drilling during a time of near record gasoline prices.
The American Petroleum Association is expected to announce more higher inventories on lower demand, prior to the EIA’s weekly release.
Speculators are once again pushing Obama to release the Strategic Reserves.
Economic Reports April 17, 2012 actual v. forecast
|
Apr. 17 |
AUD |
Monetary Policy Meeting Minutes |
||
|
JPY |
Industrial Production (MoM) |
-1.6% |
-1.2% |
-1.2% |
|
INR |
Indian Interest Rate Decision |
8.00% |
8.30% |
8.50% |
|
GBP |
Core CPI (YoY) |
2.5% |
2.4% |
2.4% |
|
GBP |
CPI (YoY) |
3.5% |
3.5% |
3.4% |
|
GBP |
CPI (MoM) |
0.3% |
0.3% |
0.6% |
|
EUR |
CPI (YoY) |
2.7% |
2.6% |
2.6% |
|
EUR |
German ZEW Economic Sentiment |
23.4 |
20.0 |
22.3 |
|
EUR |
ZEW Economic Sentiment |
13.1 |
10.7 |
11.0 |
|
EUR |
Core CPI (YoY) |
1.6% |
1.5% |
|
|
USD |
Building Permits |
0.747M |
0.710M |
0.715M |
|
USD |
Housing Starts |
0.654M |
0.705M |
0.694M |
|
Manufacturing Sales (MoM) |
-0.30% |
-1.00% |
-1.30% |
|
|
EUR |
ECB President Draghi Speaks |
|||
|
CAD |
Interest Rate Decision |
1.00% |
1.00% |
1.00% |
Economic Events: (GMT)
WEEKLY
-
This Week in Petroleum
Release Schedule: Wednesday @ 1:00 p.m. EST (schedule) -
Gasoline and Diesel Fuel Update
Release Schedule: Monday between 4:00 and 5:00 p.m. EST (schedule) -
Weekly Petroleum Status Report
Release Schedule: The wpsrsummary.pdf, overview.pdf, and Tables 1-14 in CSV and XLS formats, are released to the Web site after 10:30 a.m. (Eastern Time) on Wednesday. All other PDF and HTML files are released to the Web site after 1:00 p.m. (Eastern Time) on Wednesday. Appendix D is produced during the winter heating season, which extends from October through March of each year. For some weeks which include holidays, releases are delayed by one day. (schedule) -
Heating Oil & Propane Update (October-March)
Heating Oil, Propane Residential and Wholesale Price Data
Release Schedule: Wednesday at 1:00 p.m. EST -
Weekly Coal Production
Release Schedule: Thursday by 5:00 p.m. EST -
Weekly NYMEX Coal Futures
Release Schedule: Monday by 5:00 p.m. EST -
Coal News & Markets
Release Schedule: Monday by 5:00 p.m. EST -
Natural Gas Weekly Update
Release Schedule: Thursday between 2:00 and 2:30 p.m. (Eastern Time) -
Weekly Natural Gas Storage Report
Release Schedule: Thursday at 10:30 (Eastern Time) (schedule)
Originally posted here
