- Canadian wholesale trade sales are expected to rise subtly
- New home sales from the USA
- API release to be released tonight
1:30 pm GMT- Canadian wholesale: A change in Canadian wholesale for February will be presented this afternoon. The last reading produced a slight improvement but this time market expectations suggest a smaller increase (0.1 % m/m vs. 0.6 % m/m in January).
3:00 pm GMT - Richmond Fed manufacturing index for April: While PMIs from European economies got worse in the first quarter, this is especially true when it comes to Germany, sentiment among US manufacturers did not worsen so much. Let us recall that a regional Fed index from Chicago showed a slight increase, but such a move is not expected from Richmond as the consensus calls for 10 points, unchanged compared to March.
3:00 pm GMT-New Home Sales from the USA: Last Friday showed rather gloomy data concerning building permits for March. This afternoon might shed some light on the sentiment among developers. Note that given a retreat in average mortgage rates one could hope for somewhat better data in the nearest future.. The consensus calls for 649k for March, down from 667k in February
9:30 pm GMT API Weekly crude oil stocks : Oil prices have been performing quite well since the beginning of the week after an announcement from the White House. While the removal of exemptions from US sanctions granted for some countries could be a bullish factor for crude prices in the near-term, possibly higher production from other producers could dampen this pressure before long . Keep in mind that API reports often set expectations ahead of governmental releases.
This content has been created by X-Trade Brokers Dom Maklerski S.A. This service is provided by X-Trade Brokers Dom Maklerski S.A. (X-Trade Brokers Brokerage House joint-stock company), with its registered office in Warsaw, at Ogrodowa 58, 00-876 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. X-Trade Brokers Dom Maklerski S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.