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Heating Oil, Propane Residential and Wholesale Price Data
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Crude Oil Fundamental Analysis February 29, 2012, Forecast
Analysis and Recommendations:
Crude Oil has fallen to 106.68 down 1.93. Crude fell on economic data as well as profit taking. U.S. home prices fell 1.1% in December to bring the year-over-year fall to 4%, according to the Case-Shiller home price index released Tuesday. Also today on the data showing orders for durable goods sank 4% in January, the U.S. Commerce Department said.
Tensions between Iran and the US quieted down today and fears of supply disruption have subsided. The USD fell against its trading partners today as the euro soared. This additional weakness caused oil to fall.
Now That is a Trend Line
Economic Data February 28, 2012 actual v forecast
| CHF | Consumption Indicator | 0.92 | 0.94 | |
| EUR | GfK German Consumer Climate | 6.0 | 6.1 | 5.9 |
| CHF | Employment Level | 4.04M | 4.03M | 4.05M |
| EUR | Business and Consumer Survey | 94.4 | 93.8 | 93.4 |
| EUR | Italian 10-Year BTP Auction | 4.190% | 6.470% | |
| GBP | CBI Distributive Trades Survey | -2 | -14 | -22 |
| CLP | Chilean Unemployment Rate | 6.6% | 7.0% | 6.6% |
| HUF | Hungarian Interest Rate Decision | 7.00% | 7.00% | 7.00% |
| USD | Core Durable Goods Orders (MoM) | -3.2% | 0.0% | 2.1% |
| USD | Durable Goods Orders (MoM) | -4.0% | -0.8% | 3.2% |
| EUR | German CPI (MoM) | 0.7% | 0.5% | -0.4% |
| USD | S&P/CS Home Price Indices Composite – 20 (YoY) | -4.0% | -3.6% | -3.9% |
Sovereign Bond Auction Schedule
Feb 29 10:10 Sweden Auctions T-bills
Feb 29 10:30 Germany Eur 4.0bn 2.0% Jan 2022 Bund
Feb 29 15:30 Sweden Details nominal bond auction on Mar 07
Mar 01 09:30 Spain Bono auction
Mar 01 09:50 France OAT auction
Mar 01 10.30 UK Auctions 4.0% 2022 conventional Gilt
Originally posted here
