CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Economic calendar: DoE release and central bankers to draw attention

07:54 20 June 2018

Summary:

  • Existing home sales is the sole reading from the US economy today
  • Oil prices trade slightly higher ahead of the DoE release
  • Central bank speakers on the agenda at the summit in Sintra

Wednesday is all about a weekly DoE release as well as an avalanche of the most prominent central bankers in the world. Therefore, one may expect heightened volatility both on oil as well as major currencies in G10.

Start investing today or test a free demo

Open account Try demo Download mobile app Download mobile app

1:30 pm BST - US existing home sales: Yesterday we were offered a mixed bag of housing releases from the US. While housing starts reached its highest level in a decade, building permits lost momentum a bit. Today the consensus points that existing home sales will total 5.52 million in May compared to 5.46 million previously. On the other hand, do notice that constantly (even as gradually) climbing mortgage rates might exert downward pressure on housing activity, hence risks seem to slightly tilted to the downside.

3:30 pm BST - DoE oil inventories: The API report took investors by surprise in terms of oil stocks producing a much larger than thought decrease. It’s helped oil prices erase recent losses, but it may stay under pressure due to the impending OPEC/non-OPEC meeting. Expectations suggest the DoE will show a 2.43 million barrels draw in oil stockpiles, while gasoline inventories should shrink 0.668 million barrels. At the same time refinery utilization is forecast to fall by 0.14% (there was a 0.3% increase last week).

Central bank speakers for today:

  • 8:30 am BST - ECB’s Villeroy
  • 9:00 am BST - ECB’s Lautenchlaeger/Nowotny
  • 10:45 am BST - ECB’s Knot
  • 11:30 am BST - ECB’s Coeure
  • 2:30 pm BST - a policy panel taking place in Sintra, Portugal: Draghi, Lowe, Powell, Kuroda.

link do file download linkThe EURSEK could see a possible triple top pattern at around 10.35. Source: xStation5

Disclaimer

This article is provided for general information purposes only. Any opinions, analyses, prices or other content is provided for educational purposes and does not constitute investment advice or a recommendation. Any research has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Any information provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it.

Start investing today or test a free demo

Open account Try demo Download mobile app Download mobile app

Past performance is not necessarily indicative of future results, and any person acting on this information does so entirely at their own risk, we do not accept liability for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.

Back
Xtb logo

Join over 1 Million investors from around the world

We use cookies

By clicking “Accept All”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

This group contains cookies that are necessary for our websites to work. They take part in functionalities like language preferences, traffic distribution or keeping user session. They cannot be disabled.

Cookie name
Description
SERVERID
userBranchSymbol cc 2 March 2024
adobe_unique_id cc 1 March 2025
test_cookie cc 1 March 2024
SESSID cc 9 September 2022
__hssc cc 1 March 2024
__cf_bm cc 1 March 2024
intercom-id-iojaybix cc 26 November 2024
intercom-session-iojaybix cc 8 March 2024

We use tools that let us analyze the usage of our page. Such data lets us improve the user experience of our web service.

Cookie name
Description
_gid cc 9 September 2022
_gat_UA-22576382-1 cc 8 September 2022
_gat_UA-121192761-1 cc 8 September 2022
_ga_CBPL72L2EC cc 1 March 2026
_ga cc 1 March 2026
AnalyticsSyncHistory cc 8 October 2022
af_id cc 31 March 2025
afUserId cc 1 March 2026
af_id cc 1 March 2026
AF_SYNC cc 8 March 2024
__hstc cc 28 August 2024
__hssrc

This group of cookies is used to show you ads of topics that you are interested in. It also lets us monitor our marketing activities, it helps to measure the performance of our ads.

Cookie name
Description
MUID cc 26 March 2025
_omappvp cc 11 February 2035
_omappvs cc 1 March 2024
_uetsid cc 2 March 2024
_uetvid cc 26 March 2025
_fbp cc 30 May 2024
fr cc 7 December 2022
muc_ads cc 7 September 2024
lang
_ttp cc 26 March 2025
_tt_enable_cookie cc 26 March 2025
_ttp cc 26 March 2025
hubspotutk cc 28 August 2024

Cookies from this group store your preferences you gave while using the site, so that they will already be here when you visit the page after some time.

Cookie name
Description
personalization_id cc 7 September 2024
UserMatchHistory cc 8 October 2022
bcookie cc 8 September 2023
lidc cc 9 September 2022
lang
bscookie cc 8 September 2023
li_gc cc 7 March 2023

This page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our Privacy Policy You can manage cookies by clicking "Settings". If you agree to our use of cookies, click "Accept all".

Change region and language
Country of residence
Language