1️⃣The main news yesterday
- Bond yields turned up because of concerns about inflation, USD recovered again
- Spot gold dropped sharply by 25 USD and hit 1770.
- US retail sales in January reached the largest increase in 7 months.
- Minutes of the meeting of the Fed: Will continue to maintain the easing policy.
- US crude oil output fell by more than 40% due to severe cold weather.
- Foreign media said that Saudi Arabia will increase production by 1 million barrels/day.
- The EU and Moderna reach an agreement to supply new vaccines.
2️⃣ Today's notable facts and data
- European Central Bank will announce the minutes of the monetary policy meeting Previously, the President of the European Central Bank Lagarde said that the loose monetary policy stance is still an important factor.
- US will be released on February 13 during the week the initial number of unemployment claims, is expected to be less than the previous value. In addition, Fed Governor Brainard and Fed official Bostic will deliver speeches later in the evening, and you should be able to pay attention to their statements on the current economic and monetary policy situation.
- Today, EIA crude inventories will be announced for the week from the US to February 12th. API stocks announced in the morning fell 5.8 million barrels, larger than expected. ants. If the EIA inventory also decreased significantly. is expected to continue to support oil prices.
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