EUR/USD 1.16810
0.403%
Gold 4590.55
1.841%
Oil 58.563
-0.094%
USD/JPY 157.926
0.030%
GBP/USD 1.34548
0.364%
GBP/JPY 212.489
0.394%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On January 12th, Goldman Sachs Chief Economist Jan Hatzius stated that the threat of criminal prosecution against the Federal Reserve Chairman will exacerbate market concerns about the central banks independence, but he expects the Fed to continue making policy decisions based on economic data. Speaking at the Goldman Sachs Global Strategy Conference in 2026, Hatzius said, "Clearly, concerns about a potential blow to the Feds independence are increasing, and the latest news regarding the criminal investigation of Chairman Powell has further reinforced these concerns." He added, "I have no doubt that Powell will continue to make decisions based on economic data for the remainder of his term, and will not be swayed in any direction by pressure—whether its raising or lowering interest rates, it will follow data guidance."On January 12th, ABN Amro economist Roger Quedflich stated in a report that the investigation into Federal Reserve Chairman Jerome Powell could jeopardize the Feds prospects for interest rate cuts in the near term. He pointed out that the challenge to the Feds independence could prompt Fed governors to take a hardline stance, delaying rate cut decisions to "defend the Fed." The investigation concerns cost overruns in a Fed headquarters renovation project, which Quedflich believes is seen as a means to pressure the Fed chairman and force his resignation, thereby expanding government influence. He stated, "If the situation continues to escalate, rate cuts may be postponed."On January 12th, ING FX strategist Francesco Pesole stated in a report that the dollar faces a significant risk of decline after Federal Reserve Chairman Jerome Powell announced that the Fed had received a subpoena from the U.S. Department of Justice for overspending on its headquarters renovations. He pointed out that this move has reignited market concerns about the Feds independence and could trigger another "sell-America" trade. Pesole stated, "Any further signs of interference in the Feds independence will pose a considerable downside risk to the dollar."ECB Governing Council member Mueller: There is no reason for further interest rate cuts in the short term.January 12th - According to the "Beijing Cyberspace Administration," as of January 12, 2026, Beijing has added 3 new generative artificial intelligence services that have completed registration, bringing the total number of registered generative artificial intelligence services to 212.

How to trade the EIA report?

LEO

Oct 25, 2021 13:27

Crude Oil Futures is not only an active market to trade but is also one of the most popular instruments available to day traders.

That makes trading Crude Oil and the crude oil inventory release, a wonderful opportunity for traders to make additional income or a stand alone income producing market.

What Does “Crude Oil Inventories” Mean?

Crude oil inventories refers to the amount of unrefined petroleum held in storage by governments and oil producers.  Supply and demand is important to understand as the more supply that keeps with demand, leads to lower prices. If demand begins to threaten supply levels, crude oil prices increase. 

When Is The Crude Oil Inventories Number Released?

The weekly EIA report release time is every Wednesday at 10:30 a.m. New York Time. This is an extremely volatile time to trade as the numbers represents the change in the number of barrels of Crude Oil held in reserve by commercial firms and the oil prices can jump which makes for some great trading action. 

What Is The EIA? 

The U.S. Energy Information Administration (EIA) collects, analyzes, and distributes independent and impartial energy information to which helps to promote sound policy making, efficient markets, and public understanding of energy and how it interacts with the economy and the environment.

 Why Is The Status Of Crude Oil Important?

Crude oil is a driver of price for many items given it is still the number one energy source in the world.  When the supply of crude oil goes down over the long term, we can expect the price of crude to increase which will increase the cost of virtually everything we buy.  If we see a higher supply of crude oil and demand is not keeping pace, the price goes down.

Crude oil prices affect the economy,  inflation rates, and even the currency exchange rate between the USDCAD pair.  

Crude Oil Price And Economy

How The Economy Is Affected By Crude Oil Prices?

As Stated, Oil Is An Energy Source Used To Produce/Deliver Virtually Everything We Have.  From Groceries To Housing, When Prices Increase Due To The Rise In Oil Prices, People Begin To Spend Less Money And The Economy Begins To Slow Down.  A Slowing Economy Can Lead To A Rise In Unemployment Which Leads To Less Consumer Spending.

Trading crude oil on these days after the release can able you to keep your trading day short and in profit as opposed to lengthy day trading sessions.



Suggestion