Official data showed...from Trading Central

30 Mar 2021, 15:23 · Views 85

Official data showed that Japan's retail sales rose 3.1%, better than the estimated growth of 0.8%. Jobless rate was steady at 2.9% in February, lower than the expected 3.0%. JPY remains under pressure.

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On Friday, Canada's data showed that gross domestic product grew 0.5% on month in January, more than +0.3% expected. It grew 0.3% on month in February, also more than -0.1% expected. CAD is consolidating.

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On Thursday, Germany's inflation rate slowed to 7.4% on year in March (vs 7.5% expected). Also, the Eurozone's official economic sentiment indicator was stable at 99.7 in February (vs 99.4 expected). EUR remains bullish.

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The American Petroleum Institute reported that the U.S. crude oil stockpiles dropped 6.076 million barrels for the week ending March 24, compared with an expected increase of 0.187 million barrels. The U.S. Energy Information Administration will report official crude inventories for the same period later in the day, with a build of 0.092 million barrels expected.

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Later today, the American Petroleum Institute is expected to report the U.S. crude inventories for the week ending March 24.

Trading Central

The U.S. Department of Energy reported an addition of 1.12 million barrels in crude-oil stockpiles (vs a reduction of 1.57 million barrels expected).

Trading Central