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EIA Crude Oil Inventories. USA, 16:30 (GMT+2) 04 May

04May.202215:30

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

At 16:30 (GMT+2), the US Energy Information Administration (EIA) will publish a weekly Crude Oil Inventories report containing data on changes in the volume of crude oil, as well as gasoline and distillates in the USA. An increase in reserves tends to put pressure on oil prices. If the indicator rises from the current 0.692M barrels, it may put pressure on oil quotes.

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ADP Nonfarm Employment Change. USA, 14:15 (GMT+2)
04 May. 2022 13:15
ADP Nonfarm Employment Change. USA, 14:15 (GMT+2)

At 14:15 (GMT+2), the data on Nonfarm Employment Change for March from Automatic Data Processing will be published in the USA. They reflect changes in the number of jobs in the non-agricultural sector and are based on a survey of about 400K business sources. The release is used as a predictor of the government's Labour Market Report. It is expected that in March the value will decrease from 455K to 395K, which may put pressure on the US national currency.

Interest Rate Decision. USA, 20:00 (GMT+2)
04 May. 2022 19:00
Interest Rate Decision. USA, 20:00 (GMT+2)

At 20:00 (GMT+2), the US Fed will announce its decision on the interest rate. It is more likely that the officials of the department will tighten the existing parameters of monetary policy and raise the interest rate by 50 basis points, as well as announce the beginning of a reduction in the balance sheet. There is an opinion that the adjustment of the indicator will be short-term, and then US Fed officials will be forced to resort to reducing them. In an accompanying statement, the head of the department, Jerome Powell, can announce concrete steps by the authorities to curb inflationary pressure in the country.

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