Online Forex broker
On Wednesday, oil soared in Asia because industry estimates of American inventories underpinned sentiment, while China’s PMI outcome soothed worries of a slowdown.
October’s Caixin/Markit manufacturing PMI accounted for 51.0, staying intact from September, as data issued on Wednesday unveiled. The publication follows October’s official manufacturing PMI, which hit 51.6, which is below expectations.
In New York, December delivery crude futures rallied 0.51% reaching $54.66 a barrel. Meanwhile, in London, Brent futures soared 0.48% trading at 61.23 a barrel.
At the same time, Australia’s AIG Manufacturing index demonstrated 51.1 versus a previous outcome of 54.2. Additionally, the Japan's manufacturing PMI edged up to 62.8 versus a reading of 52.5 observed.
Crude stocks inched down by 5.087 million barrels the previous week, as the American Petroleum Institute unveiled on Tuesday. Meanwhile, gasoline supplies edged down 7.697 million barrels. As for distillates, they sagged 3.106 million barrels.
This week started with the talk of the United States banning Russian oil exports, so XBR/USD saw $130 a barrel. Then the ban became reality. What does it really mean for the market?
US Energy Information Administration will reveal Crude oil inventories on February 9, 17:30 GMT+2.
On Wednesday, February 2, during the day, members of the Organization of Petroleum Exporting Countries (OPEC) and Joint Ministerial Monitoring Committee (JMMC) will discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
