Oil prices gain as stockpile data looms

Source: WBP Online
Following volatility the day before, oil prices surged on Tuesday, awaiting the weekly data release on US inventories. The number for the week ending April 29 surprised analysts with a staggering 500% jump above expectations, showing 2.78 million barrels, which was followed by an expectation of 500 000 barrels for the subsequent week.
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Tue, 10 May 2016 11:12:13 GMT

Aussie recovers from last week's lows

The Australian Dollar traded 0.4% higher against the US Dollar on Tuesday as result of surging commodity prices, erasing losses from the previous session. The Aussie experienced significant downward pressure after RBA's rate cut the week before, which accordingly set resistance at the weekly low of $0.7350.

Tue, 10 May 2016 10:50:04 GMT

German industrial output takes a hit

The data release on German factories, mines and utilities showed a 1.3% drop in the seasonally adjusted monthly output, falling short of analyst expectations of a 0.2% decline. This puts the German industrial output on course to a 0.3% yearly rise, aggrieving analysts who forecast a 1.1% advance.

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