Crude oil inventories. USA, 17:30 (GMT+2) 29 Jan

29Jan.202516:30

Crude oil inventories. USA, 17:30 (GMT+2)

At 17:30 (GMT+2), the Energy Information Administration of the US Department of Energy (EIA) will present a weekly report containing data on changes in the volume of crude oil, as well as gasoline and distillates in the country. It may change from –1.017M barrels to –2.100M barrels, supporting oil quotes.

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29 Jan. 2025 15:45

Interest rate decision. Canada, 16:45 (GMT+2)

At 16:45 (GMT+2), the Bank of Canada will announce its interest rate decision. The regulator may adjust the value from 3.25% to 3.00%. The accompanying statement may contain an assessment of the current situation and the near-term prospects for the Canadian economy, as well as hints about the financial authorities’ further actions.

29 Jan. 2025 20:00

Interest rate decision. USA, 21:00 (GMT+2)

At 21:00 (GMT+2), the US Fed System (Fed) will announce its decision on monetary policy. It may follow that the regulator will keep the interest rate at 4.50%. In the accompanying statement, the head of the department, Jerome Powell, may also announce specific steps by financial authorities to curb inflationary pressure and hint at the timing of a return to a full-fledged “dovish” course.

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