Euro Zone Marginal Lending Facility Rate
WHEN: WHAT IT INFLUENCES:
10th March 2022 EUR and its subsequent
pairs
WHAT’S HAPPENING:
The rate on the marginal lending facility, which offers overnight credit to banks from the Eurosystem. This is one of the key interest rates for the euro area the Governing Council of the ECB sets.
U.S. Crude Oil Inventories
WHEN: WHAT IT INFLUENCES:
9th March 2022 USD and its subsequent
pairs
WHAT’S HAPPENING:
The Energy Information Administration’s (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation.
If the increase in crude inventories is more than expected, it implies weaker demand and is bearish for crude prices. The same can be said if a decline in inventories is less than expected.
If the increase in crude is less than expected, it implies greater demand and is bullish for crude prices. The same can be said if a decline in inventories is more than expected.
U.K. Gross Domestic Product (GDP) MoM
WHEN: WHAT IT INFLUENCES:
11th March 2022 GBP and its subsequent
pairs
WHAT’S HAPPENING:
Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health. A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.
