The US Crude Oil appreciated against the US Dollar, following the US Crude Oil Inventories data release on Thursday at 15:00 GMT. The LIGHT.CMD/USD exchange rate gained 74 pips or 1.30% right after the release. The US Crude Oil continued trading at the 57.60 level against the Greenback.
Energy Information Administration released the US Crude Oil Inventories data, which came out better-than-expected of negative 4.8M compared with the forecast of negative 2.4M.
The US Crude Oil has been trading sideways berween the psychological levels at 53.00 and 57.50 since the middle of August. Note that the commodity is still under pressure, as the US-China trade tensions have been escalating.
| Date | 07.08.19 | 14.08.19 | 21.08.19 | 28.08.19 | 05.09.19 |
|---|---|---|---|---|---|
| Actual | 2.4M | 1.6M | -2.7M | -10.0M | -4.8M |
| Forecast | -2.9M | -2.5M | -1.4M | -2.3M | -2.4M |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/USD | 1.10431 | 1.1046 | 0.03% |
| E_Brent | 61.695 | 62.265 | 0.92% |
| E_Light | 57.00500 | 57.625 | 1.09% |
| USD/CAD | 1.32418 | 1.32381 | -0.03% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/USD | 41.7% | 58.4% |
| E_Brent | 48.7% | 51.3% |
| E_Light | 47.1% | 52.9% |
| USD/CAD | 46.5% | 53.5% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 8:30 | GBP | GDP m/m | - | 0.0% |
| 8:30 | GBP | Manufacturing Production m/m | - | -0.2% |
| All day | CNY | New Loans | - | 1060B |