Housing starts. Canada, 14:15 (GMT+2) 15 Mar

15Mar.202313:15

Housing starts. Canada, 14:15 (GMT+2)

At 14:15 (GMT+2) in Canada, February data on the number of new homes, the construction of which began in the reporting month, will be released. This indicator is one of the most important indicators of the national construction market. The indicator is expected to grow from 215.4K to 220.0K. Implementation of the forecast may support the quotations of the Canadian currency.

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15 Mar. 2023 13:30

Producer price index. USA, 14:30 (GMT+2)

At 14:30 (GMT+2), the February data on the producer price index will be published in the USA. The indicator is one of the main indicators of inflation in the country and consolidates the change in prices for goods and services sold by manufacturers. It also shows the change in the cost of their production. The index is expected to correct from 0.7% to 0.3% MoM and from 6.0% to 5.4% YoY, while the core value will decrease from 0.5% to 0.4% MoM and from 5.4% to 5.2% YoY.

15 Mar. 2023 15:30

Crude oil reserves. 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 volume of crude oil, as well as gasoline and distillates in the US. The increase in reserves, as a rule, leads to pressure on oil prices. A correction is expected from the current –1.694M barrels to –0.555M barrels, which may put pressure on the oil price.

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