EIA crude oil reserves. USA, 16:30 (GMT+2) 15 May

15May.202415:30

EIA crude oil reserves. 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 is expected from the current −1.362M barrels to −1.430M barrels, which may support the quotes of “black gold.”

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15 May. 2024 13:15

Housing starts. Canada, 14:15 (GMT+2)

At 14:15 (GMT+2), in Canada, April data on the number of new houses, the construction of which began in the reporting month, is due. It is one of the most important indicators of the national construction market. It may fall from 242.2K to 232.0K, putting pressure on the Canadian dollar.

16 May. 2024 00:50

Gross Domestic Product. Japan, 01:50 (GMT+2)

At 01:50 (GMT+2), data on Japan's gross domestic product (GDP) for the first quarter of 2024 will be presented. It is the main indicator reflecting the state of the national economy, which takes into account domestic consumption, investment, government spending, and exports. The value is expected to decrease from 0.1% to -0.4% QoQ and from 0.4% to -1.5% YoY, while the deflator will drop from 3.9% to 3.3%. If the forecast proves right, the yen may fall under pressure.

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