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EIA crude oil reserves. USA, 16:30 (GMT+2) 22 Mar

22Mar.202315:30

EIA 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 1.550M barrels to –1.448M barrels, which may support the oil quotes.

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CBI industrial trends orders. UK, 13:00 (GMT+2)
22 Mar. 2023 12:00
CBI industrial trends orders. UK, 13:00 (GMT+2)

At 13:00 (GMT+2) in the UK, March data on the index of industrial orders from the Confederation of British Industrialists (CBI) will be published. The indicator is calculated based on a survey of representatives of leading British enterprises and is an important indicator of the state of business in the country. The negative dynamics are forecasted to continue from –16.0 points to –15.0 points, which, in turn, will act as a catalyst for the decline of the pound.

Interest rate decision. USA, 21:00 (GMT+2)
22 Mar. 2023 20:00
Interest rate decision. USA, 21:00 (GMT+2)

At 21:00 (GMT+2), the US Federal Reserve System will announce its monetary policy decision. It is expected that the regulator will slow down the pace of tightening and, against the backdrop of the development of the banking crisis in the country, will raise the key interest rate by only 25.0 basis points, bringing the figure to 5.00%. In an accompanying statement, the head of the department, Jerome Powell, can also announce concrete steps by the financial authorities to curb inflationary pressure in the country.

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