Crude oil inventories. USA, 16:30 (GMT+2) 27 Mar

27Mar.202415:30

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

At 16:30 (GMT+2), the US Department of Energy’s Energy Information Administration (EIA) will present a weekly report containing data on changes in the volumes of crude oil, as well as gasoline and distillates in the country. A correction from −1.952M barrels to −0.900M barrels is expected, putting pressure on the oil quotes.

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27 Mar. 2024 11:00

Consumer confidence. EU, 12:00 (GMT+2)

At 12:00 (GMT+2), March EU consumer confidence index will be published based on a survey of 2.3K households that assess the prospects of the economy. It is a leading indicator for consumer spending, with high readings indicating consumer optimism and vice versa. It is expected that the March indicator will consolidate at –14.9 points, putting pressure on the euro.

28 Mar. 2024 01:30

Retail sales. Australia, 02:30 (GMT+2)

At 02:30 (GMT+2), Australia will release February retail sales data, a key indicator of consumer spending that has a significant impact on the country’s gross domestic product (GDP). The indicator records the monthly volume of all goods retailers sold based on samples of stores of different types and sizes. A correction from 1.1% to 0.4% MoM is expected, putting pressure on the Australian dollar.

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