NYMEX crude oil closing demand and monetary easing

2022-05-27
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(NYMEX crude oil closing) demand and monetary easing expectations, crude oil prices closed up

(NYMEX crude oil closing) demand and monetary easing expectations, crude oil prices closed up

April 19, 2013

[China paint information] Abstract: Minneapolis Fed chairman koshela Kota said that interest rates are likely to remain low in the next few years, while Japan's manufacturing confidence further improved in April, and the index rebounded for the fifth consecutive month, The improved demand outlook and the loose policy of the Federal Reserve supported the strong rebound of crude oil prices. NYMEX crude oil futures in May reached US $88.31/barrel at the highest and dropped to US $85.61/barrel at the lowest, up US $1.05 to US $87.73/barrel, up 1.21%

trend description on Thursday (April 18):

Minneapolis Fed chairman koshela Kota said that interest rates are likely to remain low in the next few years. At the same time, Japan's manufacturing confidence further improved in April. The index rebounded for the fifth consecutive month, the demand outlook improved, and the loose policy of the Federal Reserve supported the strong rebound of crude oil prices

daily K-line chart shows that NYMEX crude oil futures in May closed at the small positive line with upper and lower shadow lines. Crude oil prices continued to weaken in early trading in Asia and began to rebound in the afternoon. Europe and the United States also continued to rebound

NYMEX crude oil futures in May reached US $88.31/barrel at the highest and dropped to US $85.61/barrel at the lowest, up US $1.05 to US $87.73/barrel, up 1.21%

positive factors of Fundamentals:

1 Reuters released a survey report on Thursday showing that Japan's manufacturing confidence further improved in April. The index rebounded for the fifth consecutive month. Although it was not as strong as previously expected, enterprise confidence is expected to rise further under the stimulus measures of the Bank of Japan and the government. According to the data, Japan's Reuters short view manufacturing prosperity judgment index improved from - 11 to - 4 in April, the fifth consecutive month of recovery, and the highest level since August 2012, mainly driven by export industries such as automobile/transportation equipment, electronic machinery and metal products/machinery

2. According to the data released by the office of Statistics (ONS) on Thursday and understanding the performance advantages of the equipment and the setting points of each button, UK retail sales fell in March compared with the same period last year, but the decline was lower than expected. According to the data, the annual rate of retail sales in the UK decreased by 0.5% and is expected to decline by 0.6% after the quarter adjustment in March. It increased by 2.5% in February and decreased by 0.6% in January. The quarterly rate of retail sales in the first quarter increased by 0.4%

3. Martin Weale, a member of the monetary policy committee of the Bank of England (BOE), said on Thursday that the improved inflation outlook provided more room for the central bank to act. He said that the UK's GDP may shrink slightly in the first quarter of this year. The UK is our honor. Setting "future policy guidelines" in the form of a digital threshold may pose a problem. The short-term good news about inflation will alleviate longer-term concerns

4. Narayana kocherlaktoa, chairman of the Minneapolis Federal Reserve, said on Thursday that interest rates are likely to remain low in the coming years, raising market expectations that the risk of financial instability in the long term will be closely linked to the economy. He also said that for a considerable period of time, the Federal Open Market Committee (FOMC) may only achieve its macro-control objectives, which will be accompanied by signs of financial market instability

5. The Bank of Japan (BoJ) said on Thursday that it would increase the frequency of Purchasing Treasury bonds every month. If it wants to do well, it must first use its tools, from the current six times to eight times. The central bank made the statement after two meetings with market participants

fundamental negative factors:

1 The Philadelphia Fed released a report on Thursday that the expansion momentum of manufacturing activities in the central region of the Atlantic [0.63% capital research report] coast in April is still minimal. Data released by the Philadelphia Fed showed that the manufacturing activity index fell to 1.3 in April from 2.0 in March. Previously, industry economists expected the index to remain unchanged at 2.5 in April. A reading below zero indicates a contraction in manufacturing activity, while a reading above zero indicates an expansion in manufacturing activity

2. Data released by the U.S. Department of labor (DOL) on Thursday showed that the number of initial jobless claims in the United States rose moderately last week and exceeded expectations, and the performance of the U.S. labor market is still repeated. Data show that the number of initial jobless claims in the United States rose by 4000 to 352000 in the week of April 13, which is expected to be 350000

technical pattern analysis:

daily K-line chart shows that NYMEX April crude oil futures closed at the great Yin line with upper and lower shadow lines. The oil price is below the 5-ema, the red kinetic energy column of MACD index expands, and the KDJ index goes down

Outlook:

ric Spooner, chief market analyst at CMC markets, said: "what we are seeing now is a weak adjustment to the economic data previously released this week. The price trend adjustment is due to the feedback of the recent prospect of higher supply."

focus on Friday

Germany's March producer price index

euro zone's February quarter adjusted current account

Italy's February quarter adjusted industrial orders

G20 ministers and central bank governors meeting

2013 World Bank and IMF spring meeting

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