Crude Oil Fundamental Analysis September 24, 2012 Forecast
Add a comment
Fundamental Reports
To learn more click here
Analysis and Recommendations:
Crude Oil added 0.97 cents today to trade at 93.39. Crude oil is seen extending the previous session gains in NYMEX after steep slides in the earlier sessions. Optimism that recent stimulus measures will aid economic growth and unrest in North Africa and Middle East is likely to provide firm support.
Nymex crude oil prices gained around 0.16 percent today taking cues from expectations of stimulus measures from global central banks. Additionally, weakness in the DX also acted as a positive factor for the prices.
However, crude oil prices are expected to witness correction as the oil market is sufficient supplied and additional supplies arriving from Saudi Arabia.
FxEmpire provides in-depth analysis for each currency and commodity we review. Fundamental analysis is provided in three components. We provide a detailed monthly analysis and forecast at the beginning of each month. Then we provide more up to the data analysis and information in our weekly reports.
Economic Data September 21, 2012 actual v. forecast
|
Date |
|
Currency |
|
|
Event |
Actual |
|
Forecast |
|
Previous |
|
|
|
Sep. 21 |
|
AUD |
|
|
CB Leading Index (MoM) |
0.0% |
|
|
|
0.5% |
||
|
|
|
NZD |
|
|
Credit Card Spending (YoY) |
1.0% |
|
|
|
0.1% |
|
|
|
|
|
EUR |
|
|
Dutch Consumer Spending |
-1.50 |
|
|
|
-0.50 |
||
|
|
|
GBP |
|
|
Public Sector Net Borrowing |
12.4B |
|
13.3B |
|
-1.9B |
||
|
|
|
CAD |
|
|
Core CPI (MoM) |
0.3% |
|
0.3% |
|
-0.1% |
|
|
|
|
|
CAD |
|
|
CPI (MoM) |
0.2% |
|
0.4% |
|
-0.1% |
|
|
|
|
|
CAD |
|
|
Wholesale Sales (MoM) |
-0.6% |
|
-0.1% |
|
-0.3% |
||
|
|
|
CAD |
|
|
CPI (YoY) |
1.2% |
|
1.0% |
|
1.3% |
|
|
|
|
|
EUR |
|
|
Belgium NBB Business Climate |
-11.6 |
|
-11.2 |
|
-11.8 |
|
WEEKLY
-
This Week in Petroleum
Release Schedule: Wednesday @ 1:00 p.m. EST (schedule) -
Gasoline and Diesel Fuel Update
Release Schedule: Monday between 4:00 and 5:00 p.m. EST (schedule) -
Weekly Petroleum Status Report
Release Schedule: The wpsrsummary.pdf, overview.pdf, and Tables 1-14 in CSV and XLS formats, are released to the Web site after 10:30 a.m. (Eastern Time) on Wednesday. All other PDF and HTML files are released to the Web site after 1:00 p.m. (Eastern Time) on Wednesday. Appendix D is produced during the winter heating season, which extends from October through March of each year. For some weeks which include holidays, releases are delayed by one day. (schedule)
Upcoming Economic Events that affect the EUR ( there are no USD or CAD events )
|
Date |
Time |
Currency |
Event |
Forecast |
Previous |
|
Sep. 24 |
09:00 |
EUR |
102.1 |
102.3 |
|
|
|
09:00 |
EUR |
|
111.2 |
|
|
|
09:00 |
EUR |
|
94.2 |
Government Bond Auction
Date Time Country
Sep 24 09:10 Norway
Sep 24 09:30 Germany
Sep 24 10:00 Belgium
Sep 24 15:30 Italy
Sep 25 08:30 Holland
Sep 25 08:30 Spain
Sep 25 09:10 Italy
Sep 25 14:30 UK
Sep 25 17:00 US
Sep 26 09:10 Italy
Sep 26 09:10 Sweden
Sep 26 09:00 Germany
Sep 26 14:30 Sweden
Sep 26 17:00 US
Sep 27 00:30 Japan
Sep 27 09:10 Italy
Sep 27 17:00 US
Worries of Global Copper Surplus Drive Prices Downwards
Gold forecast for the week of May 20, 2013, Technical
Traders Feeling the Impact of Server Technology and IT Infrastructure...
AUD/USD forecast for the week of May 20, Technical Analysis
Barry produces a private Daily Market Review newsletter that is distributed around the globe to over 25,000 subscribers and recently published a book on Options Trading that is available from amazon.com
View all of FX Empire Analyst - Barry Norman's Articles
