No change of the indicator value may reduce the volatility of the related markets.
No change of the indicator value may reduce the volatility of the related markets.
The focus is on the reserves of crude oil and petroleum products, as well as the production of gasoline and distillates.
On the agenda are the FOMC meeting and the Fed interest rate decision, business activity in Japan, inflation in the UK and Sweden, manufacturing in the Eurozone, consumer confidence in Australia and the speech of the head of the RBA, Russia's GDP and the unemployment rate in Singapore.
The cost of futures for natural gas in the US grew by more than 10% and reached a weekly peak on Monday. It happened amid the forecasts about the unusually cold weather and increased need for heating within the upcoming two weeks.
The unemployment rate in Britain has been rising for the second month in a row. At the same time, data released on Tuesday showed signs that the labour market is stabilizing. This includes an increase in the number of elderly people interested in looking for work.
In November, house prices in New Zealand fell compared to the previous month. According to the Real Estate Institute of New Zealand (REINZ), the decline in property prices in the country is explained by three main factors affecting the market hesitancy.
Amid the U.S. inflation data, which is releasing on Tuesday, traders are preparing for significant fluctuations in the stock market in the near future. Currency traders seem calmer.
The US Consumer Price Index will be released at 13:30 GMT. Will it move the currency price? According to economists at Commerzbank, the inflation report will not drive the US dollar.
The West African country produced an average of 1.41 million barrels of oil and light hydrocarbons, according to data released by the Nigerian Petroleum Regulatory Commission.
The policies of former Prime Minister Liz Truss had a damaging influence on the finances of the UK, but confidence was restored, and the dollar weakened.
Mass selloff of petroleum by portfolio investors has been registered for four successive weeks. A notable sale of petroleum-related futures and options took place over the previous week as well.