NZD PPI input
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News trading discussion - continuation
- #1,062
- Aug 19, 2015 3:08am Aug 19, 2015 3:08am
- Joined Feb 2012 | Status: Trader | 6,161 Posts
Only the price on the chart can show the entrance to the deal...
- #1,063
- Aug 19, 2015 5:26am Aug 19, 2015 5:26am
- Joined Feb 2012 | Status: Trader | 6,161 Posts
At 10:30 am EST the EIA will release Crude Oil Inventories.
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Analysts Forecast 1.1M-Barrel Drop in Crude Stocks
Published: Aug 18, 2015
By Nicole Friedman
NEW YORK--U.S. crude-oil stocks are expected to have declined in data due on Wednesday from the Department of Energy, according to a survey of analysts by The Wall Street Journal.
Estimates from 12 analysts surveyed showed U.S. oil inventories are projected to have fallen by 1.1 million barrels, on average, in the week ended Aug. 14.
Eight analysts expect stockpiles to fall, while another four expect a rise. Forecasts range from a rise of 2 million barrels to a drop of 3 million barrels.
The closely watched survey from the Energy Information Administration is due at 10:30 a.m. EDT on Wednesday.
Gasoline stockpiles are expected to fall by 1.4 million barrels, according to analysts. Eleven analysts expect a decline, with one expecting a rise. Estimates range from a rise of 500,000 barrels to a drop of 2.7 million barrels.
Stocks of distillates, which include heating oil and diesel, are expected to rise by 1.2 million barrels. Ten analysts expect a rise, while one sees a decline and one expects no change. Forecasts range from a drop of 1.5 million barrels to a gain of 3 million barrels.
Refinery use is seen falling 0.6 percentage point to 95.5% of capacity, based on EIA data. Eight analysts expect a decline, one expects a rise, another sees no change and two didn't provide an estimate. Forecasts range from a rise of 0.5 point to a drop of 1.5 points.
The American Petroleum Institute, an industry group, said late on Tuesday that its own data for the same week showed a drawdown of 2.3 million barrels in crude-oil supplies, according to sources. The group said gasoline supplies fell by 1.5 million barrels, sources said. API said U.S. distillate stocks increased by 776,000 barrels in the week, according to sources.
Crude Gasoline Distillates Refinery Use
Citi Futures Perspective -2.0 -1.5 1.5 -1.0
Confluence Investment Management -2.5 -1.0 1.0 0.5
EBW AnalyticsGroup -2.5 -1.5 1.5 -1.5
Energy Management Institute 0.5 -1.2 1.5 -1.0
Excel Futures -2.3 -2.7 1.7 -0.4
Frost & Sullivan 2.0 -1.5 1.5 -0.5
IAF Advisors -2.5 -1.5 unch n/a
Price Futures Group -3.0 -2.0 -1.5 unch
Ritterbusch and Associates 1.5 -2.6 2.1 -0.6
Schneider Electric -0.75 0.5 1.0 -0.25
Tradition Energy -2.5 -0.5 3.0 -1.0
Tyche Capital Advisors 0.5 -1.0 1.5 n/a
AVERAGE -1.1 -1.4 1.2 -0.6
(Figures in millions of barrels except for refining capacity, which is reported in percentage points. For analysts providing forecasts in a range, the average of the upper and lower ends of the range is used.)
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At 2:00 pm EDT the FOMC Meeting Minutes will provide some volatility if you want to scalp a few pips. Straddle may be a good choice.
Good luck everybody!
********************************************************************
Analysts Forecast 1.1M-Barrel Drop in Crude Stocks
Published: Aug 18, 2015
By Nicole Friedman
NEW YORK--U.S. crude-oil stocks are expected to have declined in data due on Wednesday from the Department of Energy, according to a survey of analysts by The Wall Street Journal.
Estimates from 12 analysts surveyed showed U.S. oil inventories are projected to have fallen by 1.1 million barrels, on average, in the week ended Aug. 14.
Eight analysts expect stockpiles to fall, while another four expect a rise. Forecasts range from a rise of 2 million barrels to a drop of 3 million barrels.
The closely watched survey from the Energy Information Administration is due at 10:30 a.m. EDT on Wednesday.
Gasoline stockpiles are expected to fall by 1.4 million barrels, according to analysts. Eleven analysts expect a decline, with one expecting a rise. Estimates range from a rise of 500,000 barrels to a drop of 2.7 million barrels.
Stocks of distillates, which include heating oil and diesel, are expected to rise by 1.2 million barrels. Ten analysts expect a rise, while one sees a decline and one expects no change. Forecasts range from a drop of 1.5 million barrels to a gain of 3 million barrels.
Refinery use is seen falling 0.6 percentage point to 95.5% of capacity, based on EIA data. Eight analysts expect a decline, one expects a rise, another sees no change and two didn't provide an estimate. Forecasts range from a rise of 0.5 point to a drop of 1.5 points.
The American Petroleum Institute, an industry group, said late on Tuesday that its own data for the same week showed a drawdown of 2.3 million barrels in crude-oil supplies, according to sources. The group said gasoline supplies fell by 1.5 million barrels, sources said. API said U.S. distillate stocks increased by 776,000 barrels in the week, according to sources.
Crude Gasoline Distillates Refinery Use
Citi Futures Perspective -2.0 -1.5 1.5 -1.0
Confluence Investment Management -2.5 -1.0 1.0 0.5
EBW AnalyticsGroup -2.5 -1.5 1.5 -1.5
Energy Management Institute 0.5 -1.2 1.5 -1.0
Excel Futures -2.3 -2.7 1.7 -0.4
Frost & Sullivan 2.0 -1.5 1.5 -0.5
IAF Advisors -2.5 -1.5 unch n/a
Price Futures Group -3.0 -2.0 -1.5 unch
Ritterbusch and Associates 1.5 -2.6 2.1 -0.6
Schneider Electric -0.75 0.5 1.0 -0.25
Tradition Energy -2.5 -0.5 3.0 -1.0
Tyche Capital Advisors 0.5 -1.0 1.5 n/a
AVERAGE -1.1 -1.4 1.2 -0.6
(Figures in millions of barrels except for refining capacity, which is reported in percentage points. For analysts providing forecasts in a range, the average of the upper and lower ends of the range is used.)
*****************************************************************
At 2:00 pm EDT the FOMC Meeting Minutes will provide some volatility if you want to scalp a few pips. Straddle may be a good choice.
Good luck everybody!
Only the price on the chart can show the entrance to the deal...
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- #1,071
- Aug 19, 2015 9:38am Aug 19, 2015 9:38am
- Joined Feb 2012 | Status: Trader | 6,161 Posts
Only the price on the chart can show the entrance to the deal...
- #1,074
- Aug 19, 2015 10:48am Aug 19, 2015 10:48am
- Joined Feb 2012 | Status: Trader | 6,161 Posts
Only the price on the chart can show the entrance to the deal...
- #1,077
- Aug 19, 2015 9:18pm Aug 19, 2015 9:18pm
Thursday 11:00 20/08/15 NO GDP growth (NO GDP), Norway, EURNOK Average reaction when the trigger 45.00 points in the first minute after the release. probability trades. Thursday 11:30 20/08/15 GB Retail Sales HOT! (GB Retail Sales), England, GBPUSD Average reaction when the trigger 35.00 points in the first minute after the release. 25% probability trades. Thursday 17:30 20/08/15 US natural gas reserves GOOD (US Natural Gas Storage), the United States, #NG Average reaction when the trigger 60.00 points in the first minute after the release. 35%...
NatGas and Oil news are weekly. This is an excellent souce of income (pips) for us here. People still haven't traded these instruments should seriously look into it.
Cheers,
toppo
- #1,078
- Aug 19, 2015 9:30pm Aug 19, 2015 9:30pm
- Joined Feb 2012 | Status: Trader | 6,161 Posts
{quote} Thank you vvFish for the information. Always very helpful. BTW, where do you get info on exotic pairs like SEK and NOK? Is that a special source? NatGas and Oil news are weekly. This is an excellent souce of income (pips) for us here. People still haven't traded these instruments should seriously look into it. Cheers,
Only the price on the chart can show the entrance to the deal...
- #1,079
- Aug 19, 2015 9:40pm Aug 19, 2015 9:40pm
- Joined Feb 2012 | Status: Trader | 6,161 Posts
There are three rules of trading on the news.
1. Do not believe the analysts.
2. me too.
3. Once the price on the chart can show the entrance to the market.
1. Do not believe the analysts.
2. me too.
3. Once the price on the chart can show the entrance to the market.
Only the price on the chart can show the entrance to the deal...
- #1,080
- Aug 19, 2015 10:02pm Aug 19, 2015 10:02pm
- Joined Feb 2012 | Status: Trader | 6,161 Posts
Only the price on the chart can show the entrance to the deal...