New Home Sales. USA, 16:00 (GMT+2) 23 Mar

23Mar.202215:00

New Home Sales. USA, 16:00 (GMT+2)

At 16:00 (GMT+2), February's new US home sales data will be released. The indicator captures the number of new residential buildings sold during the past month and is one of the most important indicators of the US construction market. It is expected that the value will grow from 801K to 810K. The implementation of the forecast may support the US dollar.

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23 Mar. 2022 13:00

Speech by Bank of England Governor Andrew Bailey. UK, 14:00 (GMT+2)

At 14:00 (GMT+2), the speech of the head of the Bank of England, Andrew Bailey, will take place. Investors hope to hear in the official's speech hints about further regulator's actions to curb inflationary pressure. The authorities believe that last week's interest rate hike and the overall tightening of monetary policy will positively impact the short term. Still, there are risks to the economy in the medium term due to soaring inflation and the development of the military conflict in Eastern Europe.

23 Mar. 2022 15:30

Crude Oil Inventories. USA, 16:30 (GMT+2)

At 16:30 (GMT+2), the Energy Information Administration of the US Department of Energy (EIA) will publish a weekly report containing data on changes in the volumes of crude oil and gasoline and distillates. The increase in reserves, as a rule, leads to pressure on oil prices. It is expected that the figure will drop to 0.025M barrels from 4.345M barrels, which may support oil prices.

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