Crude oil inventories. US, 16:30 (GMT+2) 07 May

07May.202515:30

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

At 16:30 (GMT+2), the US Energy Information Administration (EIA) will release its weekly report in crude oil, gasoline, and distillates in the country. It may change from –2.696M barrels to –0.390M barrels, putting pressure on oil prices.

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07 May. 2025 10:00

Retail sales. EU, 11:00 (GMT+2)

At 11:00 (GMT+2), the EU will publish its March retail sales data, measuring the total of all goods retailers sold each month based on samples of outlets of different types and sizes. It is an important indicator of consumer spending and has a significant impact on the region’s gross domestic product. It may change from 0.3% to –0.1% MoM and 2.3% to 1.8% YoY, putting pressure on the euro.

07 May. 2025 19:00

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

At 20:00 (GMT+2), the US Fed System (US 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” rate.

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