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Oil prices have increased after US Crude Oil Inventories data release on Wednesday at 14:30 GMT. The one-minute candle gained 38 pips, or 0.56%, and decreased back in next hours to continue fluctuating in 67.800 area.
The Energy Information Administration released the US Crude Levels data that came out better-than-expected of 3.8M, compare to forecasted negative 2.6M.
The senior analyst at Dukascopy says: " It was a usual release of US Crude Oil Inventories just like during the rest of the July. It caused a bounce in the range of 40-60 base points."
| Historical Data Table: Crude Oil Inventories | Economic Calendar for 03.08.2018 | ||||||||
| Date | 05.07.2018 | 11.07.2018 | 18.07.2018 | 25.07.2018 | 01.08.2018 | 12:30 PM | US Average Hourly Earnings |
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| Actual | 1.2M | -12.6M | 5.8M | -6.1 | 3.8M | 12:30 PM | US Non-Farm Employment Change | ||
| Forecast | -4.4M | -4.1M | -3.4M | -2.6M | -2.6M | 12:30 PM | US Unemployment Rate | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 0.74096 | 0.74102 | 0.01% | AUD/USD | 67.12% | 32.88% | |||
| EUR/USD | 1.16801 | 1.16812 | 0.01% | EUR/USD | 27.58% | 72.42% | |||
| USD/JPY | 111.869 | 111.872 | 0.00% | USD/JPY | 71.43% | 28.57% | |||
| NZD/USD | 0.67999 | 0.68001 | 0.00% | NZD/USD | 57.27% | 42.73% | |||