By FXEmpire.com
Analysis and Recommendations:
Crude Oil is trading at 84.39 up .80 cents. With the global slowdown becoming more evident and production levels remaining still high to offset possible supply disruption as the oil embargo moves to full swing. The small move up today, can be accounted for by the drop in the US Dollar Index. As the dollar falls, cheap oil becomes more attractive to foreign investors.
Crude oil declined in the international market with Brent crude oil falling to a fresh 16 month low. Brent crude oil fell below $95 a barrel earlier today. Amid worries over persisting Euro Zone debt, investors would be zealously looking out for outcome of the ongoing talks between Iran and world powers. Meanwhile, crude oil inventories are seen falling for the third consecutive week. EIA is scheduled to release its weekly inventory report tomorrow.
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 up to the data analysis and information in our weekly reports.
Economic Data June 19, 2012 actual v. forecast
|
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Jun. 19 |
AUD |
Monetary Policy Meeting Minutes |
|||
|
GBP |
Core CPI (YoY) |
2.2% |
2.3% |
2.1% |
|
|
GBP |
CPI (YoY) |
2.8% |
3.0% |
3.0% |
|
|
GBP |
CPI (MoM) |
-0.1% |
0.1% |
0.6% |
|
|
EUR |
German ZEW Economic Sentiment |
-16.9 |
4.0 |
10.8 |
|
|
EUR |
ZEW Economic Sentiment |
-20.1 |
-5.7 |
-2.4 |
|
|
USD |
Building Permits |
0.780M |
0.728M |
0.723M |
|
|
USD |
Housing Starts |
0.708M |
0.720M |
0.744M |
|
|
Wholesale Sales (MoM) |
1.5% |
1.0% |
0.3% |
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 CHF, EUR, GBP and USD
|
Date |
Time |
Currency |
Event |
Forecast |
Previous |
|
Jun 20 |
6:00 |
EUR |
0.2% |
||
|
8:30 |
GBP |
-13.7K |
|||
|
8:30 |
GBP |
0-0-9 |
0-0-9 |
||
|
8:30 |
GBP |
8.2% |
|||
|
9:00 |
CHF |
-4.0 |
|||
|
14:30 |
USD |
-0.2M |
|||
|
16:30 |
USD |
||||
|
16:30 |
USD |
|
|
||
|
18:00 |
USD |
||||
|
18:15 |
USD |
||||
|
Jun 21 |
6:00 |
CHF |
1.33B |
||
|
7:00 |
EUR |
44.7 |
|||
|
7:00 |
EUR |
45.1 |
|||
|
7:15 |
CHF |
7.9% |
|||
|
7:30 |
EUR |
45.2 |
|||
|
7:30 |
EUR |
51.8 |
|||
|
8:00 |
EUR |
9.1B |
|||
|
8:00 |
EUR |
45.1 |
|||
|
8:00 |
EUR |
46.7 |
|||
|
8:30 |
GBP |
-2.3% |
|||
|
10:00 |
GBP |
-17 |
|||
|
12:30 |
USD |
386K |
|||
|
13:00 |
USD |
54.0 |
|||
|
14:00 |
USD |
4.62M |
|||
|
14:00 |
USD |
-5.8 |
|||
|
Jun 22 |
8:00 |
EUR |
106.9 |
||
|
All Day |
EUR |
||||
|
13:00 |
EUR |
-11.2 |
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Originally posted here
