USA Interest Rate Decision
- In today’s Economic calendar we can expect to see some volatility in the EUR, USD, and Crude Oil.
- At 09:00 (GMT), the European Commission which is responsible for recommending legislation, putting into action decisions, supporting the EU treaties and managing the day-to-day business of the EU will release the Euro Zone Economic Sentiment Survey.
- The European Economic Sentiment is a part of the business and consumer analysis operated by the Directorate General for Economic and Financial Affairs for different sectors of the economies in the European Union, and in the applicant countries, therefore the figure to be announced represents the survey of consumers’ confidence in economic activity.
- The result is forecasted in decreasing to 74.4 considering that last month was at 94.5.
- At 12:00 (GMT), the Statistical Office of the European Union (DESTATIS), will release Germany’s Consumer Price Index (CPI).
- The CPI is a measure that examines the prices used by Governing Councils of the EU to determine and assess price stability in the Euro Zone area in quantitative terms.
- At 12:30 (GMT), the Bureau of Economic Analysis of the US Department of Commerce will release their Gross Domestic Product (GDP).
- That figure is a monetary measure of the market value of all the final goods, services and structures produced in a specific time period.
- The result is expected in an decrease to -4.0% considering that last month was at 2.1%
- At 14:30 (GMT), the U.S Energy Information Administration (EIA), will release the Crude Oil Stocks Change.
- The result is expected in decreasing to 10.6M, considering that last month was at 15.022M
- At 18:00 (GMT), the Board of Governors of the Federal Reserve System will meet up and announce their decision for the Interest Rate in the USA.
- The result is expected to remain unchanged, the same as the previous month at 0.25%.