Analysis and Recommendations:
Crude Oil is trading at 87.77 falling 1.14 since the ECB statement, with no plans or stimulus, oil is left dealing with the current drop in growth and production and lower demands for oil. Oil was elevated on the hopes that stimulus from the central banks would increase demand. Oil will most like fall back to its level of 10 days ago.
FxEmpire provides in-depth analysis for each currency and commodity we review. Fundamental analysis is provided in three components. We provide a detailed monthly analysis and forecast at the beginning of each month. Then we provide more recent analysis and information in our weeklyreports and we provide daily updates and outlooks
Economic Data August 2, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Aug. 02 |
AUD |
Retail Sales (MoM) |
1.0% |
0.7% |
0.8% |
|
AUD |
Trade Balance |
0.01B |
-0.35B |
-0.31B |
|
|
EUR |
Spanish Unemployment Change |
-27.80K |
-98.90K |
||
|
CHF |
Retail Sales (YoY) |
3.7% |
2.0% |
6.2% |
|
|
CHF |
SVME PMI |
48.6 |
47.0 |
48.1 |
|
|
NOK |
Norwegian Unemployment Rate |
3.00% |
3.00% |
3.00% |
|
|
EUR |
Spanish 10-Year Obligacion Auction |
6.647% |
6.430% |
||
|
GBP |
Interest Rate Decision |
0.50% |
0.50% |
0.50% |
|
|
GBP |
BOE QE Total |
375B |
375B |
375B |
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)
Upcoming Economic Events that affect the USD
|
Date |
Time |
Currency |
Event |
Forecast |
Previous |
|
Aug 3 |
12:30 |
USD |
80K |
||
|
12:30 |
USD |
8.2% |
|||
|
12:30 |
USD |
0.3% |
|||
|
14:00 |
USD |
52.1 |
Date Time Country
Aug 06 09:10 Norway
Aug 07 00:30 Japan
Aug 07 09:15 Austria
Aug 07 14:30 UK
Aug 07 17:00 US
Aug 08 09:30 Germany
Aug 08 10:00 Norway
Aug 08 15:30 Italy
Aug 08 17:00 US
Aug 09 15:30 Italy
Aug 09 17:00 US
Aug 10 10:00 Belgium
Click here a current Crude Oil Chart.
Originally posted here
