Economic calendar for the week
On April 12, OPEC met in an expanded format. As a result, the OPEC+ countries agreed to reduce oil production by 9.7 million. The deal will last two years. Given the expanded OPEC++ agreement, the total reduction in production in the world may reach about 19–20 million bpd.
On the eve of spring meetings the Head of the IMF warned that this year the global economy will face the deepest recession since the Great Depression, in addition the uncertainty around the duration of the crisis caused by the epidemic means that everything can end even worse.
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Weekly calendar:
04/13/2020, Monday
Catholic Easter Holiday
04/14/2020, Tuesday
IMF reports on international financial stability and global economic outlook
04/15/2020, Wednesday
G20: virtual meeting of finance ministers and central bank governors
Retail Sales (March), forecast -8% m/m
Industrial Production (March), forecast -4.2%
🛢 US Crude Oil Reserves
Canada's #interestrate
🛢 IEA will publish a review of the oil market
04/16/2020, Thursday
#labormarket Australia's March employment rate
🛢 OPEC will publish a review of the oil market
04/17/2020, Friday
China's first quarter GDP
March Industrial Production
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On April 12, OPEC met in an expanded format. As a result, the OPEC+ countries agreed to reduce oil production by 9.7 million. The deal will last two years. Given the expanded OPEC++ agreement, the total reduction in production in the world may reach about 19–20 million bpd.
On the eve of spring meetings the Head of the IMF warned that this year the global economy will face the deepest recession since the Great Depression, in addition the uncertainty around the duration of the crisis caused by the epidemic means that everything can end even worse.
=======
Weekly calendar:
04/13/2020, Monday
Catholic Easter Holiday
04/14/2020, Tuesday
IMF reports on international financial stability and global economic outlook
04/15/2020, Wednesday
G20: virtual meeting of finance ministers and central bank governors
Retail Sales (March), forecast -8% m/m
Industrial Production (March), forecast -4.2%
🛢 US Crude Oil Reserves
Canada's #interestrate
🛢 IEA will publish a review of the oil market
04/16/2020, Thursday
#labormarket Australia's March employment rate
🛢 OPEC will publish a review of the oil market
04/17/2020, Friday
China's first quarter GDP
March Industrial Production
======
Trade with the Fibo Group!
Trading Terms: https://www.fibogroup.com/analytics-...aign=forum_eng
Account Opening: https://www.fibogroup.com/#real/?utm_campaign=forum_eng
#financialcalendar