Today’s session is full of macroeconomic data which can increase markets volatility.
What we already know?
Yesterday evening American Petroleum Institute published report about Crude oil stock change. Publication was quite interesting but because of today’s OPEC meeting there is no much impact on the oil price.
Today at night we also get to know report about industrial production in Japan. Despite forecasts of 0.1% decrease it increased by 0.1% on monthly basis and -1.3% on the yearly basis.
RBNZ President Wheeler had a speech during night, NZDUSD strengthen and NZDUSD broke important resistance at 0.7119 and opened way for further appreciation.
In the morning we found out some interesting data from Eurozone. The most interesting was retail sales in Germany. Instead expectations at 1.0% it gained from -1.5% to 2.4%. The rest of data is not so good.
What are we still waiting for?
The most important information of the day is OPEC meeting in Vienna today. There will be discussion about reduction of oil production, so the oil price can be really volatile today.
- 10:00 AM (GMT): CPI in Italy and Eurozone
- 12:30 PM: Mario Draghi speech
- 1:15 PM: ADP Change of employment
- 1:30 PM: Canadian GDP
- 4:45 PM: FOMC Member Powell Speech
