Wednesday 17 March 2021

Check out the news of the past 24 hours

 1️⃣ Yesterday's main news

- The breakeven US inflation rate for 10 years, 30 years surpasses the highest level in 7 years.

- $ 24 billion of US Treasury auction results over 20 years exceeded expectations.

- The Governor of the Bank of England said he will continue to buy government bonds in 2021.

The Central Bank of Japan plans to start testing the central bank's digital currency in the spring.

- The Reserve Bank of Australia said it is very unlikely to implement a negative interest rate policy.

2️⃣ Notable facts and economic data today

- At 17:00, the IEA will publish monthly crude oil market reports, investors can focus on the assessment of demand expectations.

- At 22:30, the United States will announce the EIA crude oil inventories until March 12. The US API crude oil reserve announced earlier this morning unexpectedly decreased by 1 million barrels. If the data falls back, it could give ... limited support on oil prices.

At 2:00 a.m. on Thursday, the FOMC Federal Reserve announced resolutions on interest rates, policy statements and economic expectations; then at 2:30, Fed Chairman Powell will hold a press conference. The market generally expects the Fed to remain flat.

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