SMM9 March 16: focus today on EIA crude oil inventory in the week from the United States to Sept. 11.
The euro zone's quarterly adjusted trade account in July is an indicator of the price difference between imports and exports (exports minus imports). It is the largest part of a country's balance of payments. Export data can reflect economic growth in the euro zone. Import data indicate domestic demand. Foreigners must buy their own currencies to pay for exports, which could have a big impact on the euro.
The monthly rate of retail sales in the United States in August, the monthly rate of retail sales in the United States, is known as "terrorist data". This is a summary of total sales in the United States for the month, reflecting the economic activity in the United States that month. When the data is higher than expected, it shows that the US economy is better than expected and the market is active. It is good for the US dollar, otherwise it means that the US economy is not as good as expected and is bearish on the US dollar.
The NAHB real estate market index in September, the (NAHB) real estate market index of the National Association of Home Builders, was obtained through a survey of about 900 homebuilders. A target above 50 indicates a bright future for the U. S. housing market. If the indicator is higher than expected, the dollar should be considered strong / bullish, while if the indicator is lower than expected, the dollar should be considered weak / bearish.
The monthly rate of commercial inventory in the United States in July, the U.S. Department of Commerce announced that the significant increase or decrease in inventory is directly related to market conditions and economic ups and downs. Assessing the guiding effect of the changing trend of the data on the economy requires special consideration, and the trend of the economic environment needs to be taken into account.
EIA crude oil inventory (10,000 barrels) in the week from September 11 to September 11 in the United States, this data has a greater impact on the change of crude oil. The larger than expected inventory indicates a decline in market demand for oil, while the increase in crude oil inventory is negative for crude oil. When the inventory is less than expected, it indicates an increase in market demand for crude oil, and bullish crude oil.
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