EIA Crude Oil Inventories. USA, 16:30 (GMT+2) 20 Jul

20Jul.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 United States. An increase in reserves tends to put pressure on oil prices. A significant correction is expected from 3.254 million barrels to 0.333 million barrels, which, in turn, may support oil prices.

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20 Jul. 2022 15:00

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

June data on Existing Home Sales in the US are due at 16:00 (GMT+2). Existing Home Sales measures the annualised number of existing single-family homes that were sold during the prior month and is one of the most important indicators of the US construction market. The figure is expected to decline from 5.41 million to 5.38 million homes. The implementation of the forecast could put pressure on the US dollar.

21 Jul. 2022 00:00

Trade Balance. New Zealand, 00:45 (GMT+2)

At 00:45 (GMT+2), June data on Trade Balance will be published in New Zealand. This indicator captures the difference between the amount of payments for exported and imported goods. Its growth is a positive factor for NZD. If the balance surplus increases in monthly terms from the current 263.0M New Zealand dollars, it may support the quotes of the New Zealand currency.

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