Daily Economic Calendar – Oil Inventory Data Headlines a Lean Day

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Updated: Dec 21, 2016, 08:29 UTC

Looking ahead to today, we have the Public Sector Net Borrowing from the UK that will be released during the London session and this is likely to continue

Looking ahead to today, we have the Public Sector Net Borrowing from the UK that will be released during the London session and this is likely to continue to be weak due to the ongoing risks surrounding the Brexit process. Then we have the Eurozone consumer confidence which is expected to come in at -6 and with all the fundamental and geopolitical risks around it, we expect the confidence to be low, comparable to previous months.

Moving on to the NY session and we have the oil inventory data and this will be closely watched as oil has been in the news of late due to the agreement of a deal between all the oil producers to cut their production to raise the oil prices and so this inventory data assumes significance in this context. One the corporate earnings side, we have the Accenture results topping the line on a lean day.

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About the Author

Colin Firstauthor

Colin specializes in developing trading strategies and analyze financial instruments both technically and fundamentally. Colin holds a Bachelor of Engineering From Milwaukee University.