Here is a weekly outlook for April 18th to 22nd presenting the main
news items and reports related to US, Canada, Australia and Europe.
(all times GMT):
* Monday 18th of April 2.30 – Monetary Policy meeting Australia's
Bank :The minutes of the monetary policy meeting of the reserve
bank of Australia, in which the board discusses the domestic and
international economic conditions and decides on the Bank's basic
interest rate which is currently at 4.75%. The meeting was held
back in April 5th, however the minutes are published only two
weeks after the meeting;
* Friday 19th of April 13.00 –Canadian Core CPI:This monthly
report presents the main changes in the core consumer price index
which excludes the most volatile components such as energy, fruit
and vegetables. According to the previousCanadian statistics
reportforFebruary 2011, the CPI rose by 2.2% in 12 month up to
Februarycompared to a 2.3% increase up to January 2011. The main
reason for the rise is related to the energy prices that increased
by 10.6% during the 12 months up to February 2011;
* Wednesday 20th of April 9.30 Bank of England MPC meeting: This
will shows the minutes of the last Bank meeting in which it was
decided to maintain the basic interest rate at 0.5% and the asset
purchase program at 200 billion pounds, as GB's inflation rate
declined from 4.4% (Y2Y) on February to 4.0% on March 2011;
* Wednesday 20th of April 15.30 – EIA report about Crude oil
inventories: The EIA (Energy Information Administration) will
present its weekly report on the recent newsrelated to
U.SPetroleum and oil stocks declined by 4.9 million barrels, which
is a 0.28% drop compared to the previous week. The stocks reached
by April 8th 1,763.9 million barrels. This was the largest
withdraw since mid March. (see here my recent review on crude oil
stocks);
* Thursday 21stof April 13.30 – Department of Labor report - US
unemployment claims: For the week ending on April 9th, initial
claimsincreased by 27,000, to reach 412,000 claims; the insured
unemployment rate declined by 0.1 percent points and reached 2.9%
for the week ending on April 2nd; and the number of insured
unemployment was 3.680 million, a decrease of 58,000 compare to
the previous week's number (see here my review on the recent US
Labor report);
* Thursday 21st of April 15.30 – EIA report about Natural gas
storage:the EIA will also issue a weekly report about the recent
changes in natural gas storage, production and consumption in the
US. In the recent EIA report natural gas storageincreased by 1.8%,
i.e. an injection of 28 Bcf, as the total storage reached 1,607
billion cubic feet for all lower 48 states; the natural gas
storage was 10 Bcf above the 5-year average. (see here my recent
natural gas storage review).
By: Lior Cohen, Energy Analyst for Trading Energy
DailyFX provides forex news on the economic reports and political
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Source: Dailyfx.com
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