Crude oil reserves. USA, 16:30 (GMT+2) 20 Sep

20Sep.202315:30

Crude oil reserves. USA, 16:30 (GMT+2)

At 16:30 (GMT+2), the US Department of Energy’s Energy Information Administration (EIA) will publish a weekly report containing data on changes in the volumes of crude oil, as well as gasoline and distillates in the country. The indicator is expected to correct from the current 3.954M barrels to −1.912M barrels, which could support the oil quotes.

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20 Sep. 2023 07:00

Producer price index. Germany, 08:00 (GMT+2)

At 08:00 (GMT+2), August data on the German producer price index will be published. The indicator is one of the most important indicators of inflation in the economy since it measures changes in prices for goods sold by manufacturers at the wholesale level. Negative dynamics are projected to increase from –6.0% to –12.8% YoY and the figure may adjust from –1.1% to 0.2% MoM, which, in turn, could become a catalyst upward dynamics of the euro.

20 Sep. 2023 19:00

Interest rate decision. USA, 20:00 (GMT+2)

At 20:00 (GMT+2), the US Federal Reserve System (US Fed) will announce its decision on monetary policy. The regulator is expected to leave the value at the current level of 5.50%. In the accompanying statement, the head of the department, Jerome Powell, may also announce specific steps by the financial authorities to curb inflationary pressure.

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