Thursday, December 12, 2013

Intraday Analysis Update Wed Dec - 11

Intraday Markets

Could USA oil supplies data cause WTI oil to flirt with the critical $100 a barrel level?

Wednesday sees the publication of USA oil supplies data, expected to print at -5.6 bn barrels, whilst the USA federal budget balance is expected to print at $154.6 bn, significantly worsening from the previous month's figure of $91.6 bn. In New Zealand the cash rate is announced, predicted to stay the same at 2.5%. The press conference, the rate statement and the policy statement will accompany the announcement of the base interest rate, finally later that evening the RBNZ governor Wheeler will conduct a conference.
see more at : Intraday Analysis Update Wed Dec - 11

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