America Petrolium Institute and US Energy Information and Administration Department has released its primary data on Tuesday. Rest of the weekly Energy Data will be released today i.e. Wednesday at 10:30 am EST(  (9:00 pm IST) .
   Asper the data there will be an increase in the crude oil stock. The increase of inventory would be to 2.4 million barels.A sag in demand and Oil refinaries going on annual maintenance would increase the inventory level. GAsoline inventories would climb to 3.1 million barrels.
   Further dampening sentiments for crude opil comes from the Egyptian crisis normalcy signal.THe uninterrupted suplly through Suez  Canal. Crude oil prices have declined to $87.00 at Nymex.   Natural gas prices fell as the National Weather Service's forecast for Feb. 12–16 is for above‐average temperatures throughout the central and eastern thirds of the country after unusually frigid temperatures last week.

   

    After a dissapointing job data yesterday , a positive news of  US Gross Domestic Product data will be released today at 8:30 am ET( 7 pm IST).The economy grew at a  3.5 percent annual rate in the final three months of 2010, according to a Reuters survey, after increasing  at a 2.6 percent pace in the third quarter.On Wednesday, Fed officials showed concern that the pace of the recovery was still not strong enough to significantly lower unemployment . So the FED's decission of pumping $600 billion stil  holds good and is very imminent.

The slew of economic data to be released next week starting 24th Jan, 2011; help ful for MCX Commodity traders:

The data  are as follows   Daywise with forecast value:
 1.US  GDP data:- Friday 8:30 ET (7 pm IST). Forecast positive.
2. New Orders for Durable Goods for December:- Thursday at 8:30 ET  ( 7 pm IST). Forecast  positive  for Civilian aircraft, motor vehicles.
3.US Districtwise Fed Manufacturing data
    Richmond Dist  Fed:- Manufacturing for Jan- Tuesday at 10:30 ET( 9 pm IST) ;  Forecast  positive 
    Kansas city Fed : Manufacturing survey for Jan- Thursday at 11 ET ( 9:30 pm IST) 
    Chicago Fed's National Activity Index for Jan:- Thursday at 8:30 ET ( 7 pm IST)  
    Forecast for above; little Positive
4. AB Consumer Confidence Data  : Friday at 9:55 ET ( 8: 25 IST); Forecast  Negative after Michigan Consumer confidence data fell to 72.7 from 74.5 in Dec, 2010.
5.Reports for Home Values  for November : S&P Home Price Index  on   Tuesday 9:00 ET (7:30 pm IST)
                                                                              : FHFA House price Index  on Tuesday 10:00 ET( 8:30 pm IST)
                   Forecast : Negative
6. Sales of New Single Family Homes for December: Wednesday 10:30 ET ( 9pm IST) ; Forecast  Negative
7.NAR's new Single Home SAles Index for December : Thursday 10:00 ET ( 8:30 pm IST) ; Forecast Negative
8. Initial Jobless Claims for the  week ended 22nd Jan: Thursday 8:30 ET ( 7 pm IST) ; Forecast  Positive
9: Employment Cost Index : Friday 8:30 ET ( 7 pm Indian Standard Time)  Forcast Positive