EIA Crude Oil Inventories. USA, 17:00 (GMT+2) 07 Jul

07Jul.202216:00

EIA Crude Oil Inventories. USA, 17:00 (GMT+2)

At 17:00 (GMT+2), the Energy Information Administration of the US Department of Energy (EIA) will publish a weekly report containing data on changes in the volume of crude oil, gasoline, and distillates in the US. The increase in reserves, as a rule, leads to pressure on oil prices. The indicator is expected to grow from the current –2.762M barrels to –1.100M barrels, which, in turn, may put pressure on oil prices.

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07 Jul. 2022 15:00

Ivey PMI. Canada, 16:00 (GMT+2)

At 16:00 (GMT+2) in Canada, Ivey will have June data on the index of business activity. The indicator reflects the state of business activity in the national manufacturing industry and is calculated based on a survey of purchasing and supply managers of leading national enterprises in all industries. At the same time, their attitude to the current economic situation and the prospects for further development is assessed. The index's decline from the current value of 72.0 points may put pressure on the Canadian currency.

08 Jul. 2022 00:30

Household Spending Index. Japan, 01:30 (GMT+2)

At 01:30 (GMT+2), May data on household spending will be released in Japan. The indicator captures the monthly change in household spending adjusted for inflation and is an important indicator of economic growth. The index is expected to decrease from 1.0% to 0.8% MoM and grow from –1.7% to 2.1% YoY. Implementation of the forecast may help strengthen the yen.

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