Category Archives: Weekly Outlook
Tonight’s EIA Data will Confirm Bullish Sentiment for Crude Oil
Written on January 20, 2022 at 6:35 am, by lishitong
On Wednesday night, January 19 (GMT+2), data released by the American Petroleum Institute (API) showed that U.S. crude oil inventories increased by 1.4 million barrels in the week of 14 January, while gasoline inventories increased by 3.5 million barrels. Meanwhile, distillate fuel stocks fell by 1.2 million barrels. In its latest report, the International EnergyContinue Reading
Fed Expected to Expedite Rate Hikes as US CPI Beats Expectations
Written on January 13, 2022 at 6:32 am, by lishitong
On January 12 (Wednesday) afternoon (GMT+2), the United States announced its year-on-year, not seasonally-adjusted Consumer Price Index (CPI) for December. US CPI rose 7% in 2021, the largest 12-month gain since 1982, according to data released by the Labor Department. CPI rose 0.5% month-on-month in December, slightly beating the market expectations of 0.4%. The strongContinue Reading
ADP Employment Data Far Exceeds Expectations
Written on January 4, 2022 at 1:53 am, by lishitong
On January 5 (Wednesday), the United States announced the December ADP employment data. According to the ADP private payroll numbers for December, 807,000 jobs were added compared to estimates of a figure of 410,000 and the previous value of 534,000, the largest increase since May 2021. The minutes from the Fed’s December FOMC meeting on Wednesday showed theContinue Reading
