The main events of the day

Friday, January 19, is full of news. The attention of the oil market on this day will be focused on the publication of the IEA report and the number of drilling rigs in the US.

In addition, the overall driver of the market remains the dynamics of the US dollar.

At 09:00 – release of the producer price index (PPI) of Germany (m/m), the forecast is 0.2%, the previous value is 0.1%.

At 10:15 – announcement of the producer price index (PPI) of Switzerland (m/m), the previous value is 0.6%.

At 11:00  – publication of the monthly report of the International Energy Agency for the oil market.

At 11:30 – data on the UK:
– The basic index of retail sales in the UK (m/m), the forecast is -0.8%, the previous value is 1.2%.
– The basic index of retail sales in the UK (y/y), the forecast is 3.0%, the previous value is 1.5%.
– The volume of retail sales in the UK (m/m), the forecast is -0,6%, the previous value is 1,1%.
– The volume of retail sales in the UK (y/y), the forecast is 3.0%, the previous value is 1.6%.

At 15:30 – data on Canada:
– The volume of foreign investment in Canadian securities, the previous value is 20.81D.
– Sales in the manufacturing sector of Canada (m/m), the forecast is 2.0%, the previous value is -0.4%.

At 20:00 – release of the number of drilling rigs in the US from Baker Hughes, the previous value is 752.

Hanzenko Anton