Baker Hughes oil rig count. USA, 19:00 (GMT+2) 26 Jul

26Jul.202418:00

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

At 19:00 (GMT+2), the Baker Hughes data on the number of active oil rigs is due. The weekly report records the change in the number of oil producing capacities in the US. Earlier, the number of rigs fell to 477, supporting oil prices.

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26 Jul. 2024 15:00

Michigan consumer sentiment. USA, 16:00 (GMT+2)

At 16:00 (GMT+2), the US will publish July data on the change in the University of Michigan consumer confidence index. The indicator is based on a telephone survey of at least 500 US households and records consumer spending, which is part of economic activity. It may consolidate at 66.0 points, supporting the American dollar.

29 Jul. 2024 07:00

Retail Sales. Germany, 08:00 (GMT+2)

At 08:00 (GMT+2), May data on retail sales will be published in Germany. Retail Sales indicator measures the change in the total value of inflation-adjusted sales at the retail level, excluding automobiles and gas stations. It is the primary indicator of consumer spending, which influences the Gross Domestic Product (GDP). On a monthly basis, it is likely to rise from –1.2% to 0.0%, which could have a positive impact on the euro's positions.

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