EIA Crude Oil Inventories. USA, 16:30 (GMT+2) 02 Aug

02Aug.202315:30

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. A correction is expected from -0.600 million barrels to -0.071 million barrels, which may put pressure on the "black gold" quotes.

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02 Aug. 2023 13:15

ADP Nonfarm Employment Change. USA, 14:15 (GMT+2)

At 14:15 (GMT+2), the data on Nonfarm Employment Change from Automatic Data Processing (ADP) for July will be published in the USA. They reflect changes in the number of jobs in the non-agricultural sector and are based on a survey of about 400.0 thousand business sources. The release is used as a predictor of the government's Labour Market Report. The value is expected to decrease from 497.0 thousand to 188.0 thousand, which may put pressure on the positions of the US national currency.

03 Aug. 2023 02:30

Retail Sales. Australia, 03:30 (GMT+2)

At 03:30 (GMT+2), Australia will release data on Retail Sales for the second quarter of 2023, a key indicator of consumer spending that has a significant impact on the country's Gross Domestic Product (GDP). Retail Sales indicator measures the change in the total value of inflation-adjusted sales at the retail level, excluding automobiles and gas stations. A correction is expected from -0.6% to -1.8% on a monthly basis, which, in turn, may put pressure on the quotes of the Australian currency.

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