API Crude oil reserves. USA, 23:30 (GMT+2) 06 Dec

06Dec.202222:30

API Crude oil reserves. USA, 23:30 (GMT+2)

At 23:30 (GMT+2), the American Petroleum Institute (API) will release its weekly report on oil reserves, gasoline, and distillates. The reduction of the indicator traditionally leads to the upward dynamics of the oil price. Previously, the statistics recorded a correction to –7.850M barrels. A continuation of this trend may support energy prices.

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06 Dec. 2022 16:00

Ivey PMI. Canada, 17:00 (GMT+2)

At 17:00 (GMT+2) in Canada, November data on Ivey's business activity index will be released. 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 its further development is assessed. Growth is expected from the current value of 50.1 points to 51.0 points, which, in turn, can act as a catalyst for the growth of the national currency.

07 Dec. 2022 01:30

Gross domestic product. Australia, 02:30 (GMT+2)

At 02:30 (GMT+2), Q3 data on Australia's gross domestic product will be released. It is the main indicator that reflects the state of the national economy and considers domestic consumption, investment, government spending, and exports. The Australian economy is expected to decline from the current 0.9% to 0.7% QoQ and grow from 3.6% to 6.3% YoY. Implementation of the forecast may support the quotes of the national currency.

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