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)
19:00 USD Federal Budget Balance
The Federal Budget Balance measures the difference in value between the federal government’s income and expenditure during the reported month. A positive number indicates a budget surplus, a negative number indicates a deficit.
A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
Economic Data results prior trading day ( key better than expected worse than expected at forecast )
|
USD |
Monster Employment Index |
133 |
140 |
|
|
EUR |
French Services PMI |
52.3 |
51.7 |
51.7 |
|
EUR |
German Services PMI |
53.7 |
54.5 |
54.5 |
|
EUR |
Services PMI |
50.4 |
50.5 |
50.5 |
|
GBP |
Services PMI |
56.0 |
53.5 |
54.0 |
|
EUR |
Italian CPI (MoM) |
0.3% |
0.2% |
0.4% |
|
EUR |
Retail Sales (MoM) |
-0.4% |
0.4% |
-0.4% |
|
Employment Change |
2.3K |
24.0K |
17.5K |
|
|
CAD |
Unemployment Rate |
7.6% |
7.5% |
7.5% |
Crude Oil Fundamental Analysis February 6, 2012, Forecast
Analysis and Recommendations:
Crude Oil is currently trading at 97.78 up 1.42
Unexpected good news in the USA today. The US added 243,000 jobs as reported by the Labor Department for the first time since April. The unemployment rate dropped to 8.3 percent, the lowest since February 2009.This was the boost the US needed to signal that the economy was recovering. The possibility of improved growth in the US will signal more consumption and demand for oil, pushing the black gold up.
Originally posted here
