Baker Hughes oil rigs count. USA, 19:00 (GMT+2) 19 May

19May.202318:00

Baker Hughes oil rigs count. USA, 19:00 (GMT+2)

At 19:00 (GMT+2), data on the number of active oil rigs from Baker Hughes will be published. The weekly report captures the change in the amount of oil production capacities in the US. Previously, it dropped to 586 units, and the continuation of the trend may support the oil quotes.

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19 May. 2023 13:30

Retail sales. Canada, 14:30 (GMT+2)

At 14:30 (GMT+2) in Canada, there will be March data on retail sales. The indicator captures the volume of all goods sold by retailers, based on a sample of retail stores of various types and sizes. It is an important indicator of consumer spending and has a significant impact on the gross domestic product (GDP). It is expected that the March indicator will change from –0.2% to –1.4% and the core value will fall from –0.7% to –0.8%. Implementation of the forecast may put pressure the Canadian dollar.

22 May. 2023 02:15

Interest rate decision. China, 03:15 (GMT+2)

At 03:15 (GMT+2), China will announce its decision on the base lending rate. Currently, the indicator is calculated by the National Interbank Finance Center (NIFC) and serves as a benchmark for financial institutions in calculating the percentage of loans and is formed on the basis of rates with two loan maturities: one year and over five years. If officials raise the rate from the current 3.65%, it will be “bullish” for the yuan.

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