Breaking News
0

Day Ahead: Top 3 Things to Watch

Stock MarketsFeb 22, 2018 04:12PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. What to watch out for in tomorrow's session

Investing.com – Here’s a preview of the top 3 things that could rock markets tomorrow

1. European Inflation To Help Euro Avoid Weekly Loss?

The Eurozone release its final consumer price index (CPI) reading for January on Friday. A stronger than expected CPI print could renew investor expectations the central bank could tighten monetary policy measures sooner rather than lighter after the release of somewhat dovish ECB minutes Thursday.

The minutes showed that the central bank continued to believe that patience was needed as inflation remained weak and agreed that it was still “premature” to adjust forward guidance.

Economists forecast an unchanged final reading for Eurozone inflation of 1.3% for January compared to 1.4% in the prior month.

EUR/USD rose 0.39% to $1.2331 as the greenback fell sharply weighed by a fall in bond yields after St. Louis Federal Reserve President James Bullard downplayed the chances of the Fed raising rates four times this year.

2. Canadian Inflation To Confirm Canada’s Economy Slowing

Canadian Inflation is expected show pricing pressure remained subdued in January amid growing signs that the economy is slowing after retail sales released Thursday fell well short of forecasts.

Economist forecast consumer price inflation in December fell 0.5%, compared to 0.1% decline in the previous month.

TD Securities said Thursday's negative retail sales print supports its call for “only two rate hike in 2018,” with the next hike expected as late as July given that the economy has “clearly cooled” and that the medium-term economic outlook is facing several domestic headwinds.

USD/CAD rose by 0.06% to C$1.2711.

3. Crude To Notch Second Straight Week of Gains?

The weekly instalment of drilling activity from Baker Hughes on Friday, will provide investors with fresh insight into U.S. oil production and demand after data showed the number of oil rigs operating in the US jumped by seven to 798, the highest level since April 2, 2015.

The weekly rig count is an important barometer for the drilling industry and serves as a proxy for oil production and oil services demand.

Crude futures settled higher on Thursday as traders cheered data showing weekly crude supplies unexpectedly fell for the first time in four weeks.

Some said, however, that the surprise draw in crude supplies was supported by added incentive to sell rather than store crude as current prices traded at a premium to forward prices – a market structure known as backwardation.

Day Ahead: Top 3 Things to Watch
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments
Aam Mic
Aam Mic Feb 22, 2018 4:24PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Cryptocurrencies. r. Nowadadys they are pure intellectual productes, and the producers make regular money out of it. In the future, those who have something to introduce to others will be in need to make their own cryptocurrency.
Reply
0 0
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email