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Calendar event / Wednesday at 15:30 GMTpreviousforecastactualHigh Crude Oil Stocks, Net Chg (Bbl)+1.263M+2.1M+3.633MHigh Gasoline Stocks, Net Chg (Bbl)+0.513M+0.7M+0.408MHigh Distillate Stocks, Net Chg (Bbl)-2.257M-1.6M+1.187MMed Crude Oil Stocks (Bbl)447.207M450.84MMed Gasoline Stocks (Bbl)257.893M258.301MMed Distillate Stocks (Bbl)139.013M140.2MMed Total Prod Supplied (Bbl/day)21.838M19.114MMed Total Prod Supplied, Net Chg (Bbl/day)+1.023M-2.724MMed Refinery Usage90.7%89.9%85.9%
Calendar event / Tuesday at 21:30 GMTMed Crude Stocks, Net Chg (Bbls)+2.5M-1MMed Gasoline Stocks, Net Chg (Bbls)+1.7M+0.8MMed Distillate Stocks, Net Chg (Bbls)+0.1M-2.5M
Calendar event / 05 February 2019 at 21:30 GMTMed Gasoline Stocks, Net Chg (Bbls)+2.2M+1.7MMed Crude Stocks, Net Chg (Bbls)+2M+2.5MMed Distillate Stocks, Net Chg (Bbls)+0.2M+0.1M
Calendar event / 29 January 2019 at 21:30 GMTMed Crude Stocks, Net Chg (Bbls)+6.6M+2MMed Gasoline Stocks, Net Chg (Bbls)+3.6M+2.2MMed Distillate Stocks, Net Chg (Bbls)+2.6M+0.2M
Squawk / 25 January 2019 at 22:05 GMTDollar Index: Technical Update ; head and shoulders pattern: Daily chart shows forming a right shoulder in inverted head and shoulder pattern, technically above 95.75 can rise again till 96.55.. a break should rise till 98 as per pattern calculation... overall buying in dollar is advised for the coming week as per chart.
Calendar event / 24 January 2019 at 16:00 GMT
US EIA Weekly Petroleum Status ReportpreviousforecastactualHigh Crude Oil Stocks, Net Chg (Bbl)-2.683M-0.6M+7.97MHigh Gasoline Stocks, Net Chg (Bbl)+7.503M+2.7M+4.05MHigh Distillate Stocks, Net Chg (Bbl)+2.967M+0.3M-0.617MMed Crude Oil Stocks (Bbl)437.055M445.025MMed Gasoline Stocks (Bbl)255.565M259.615MMed Distillate Stocks (Bbl)143.009M142.392MMed Total Prod Supplied (Bbl/day)20.864M21.46MMed Total Prod Supplied, Net Chg (Bbl/day)+1.1M+0.596MMed Refinery Usage94.6%94%92.9%
Squawk / 22 January 2019 at 12:55 GMTmy followers can contact me on whats app for future market view and trading signal +919899993052 or visit my website for daily market view, www.fxlive.in
Squawk / 21 January 2019 at 6:54 GMTWith Oil, Keep Looking at Trade Data and Newsby Stephen Pope
WTI boosted by two clear driving forces, trade and supply
Any recovery in trade relations between the U.S. and China not until end of January
The decline in operating oil rigs in the U.S. will be reversed
Selling will be the early form after a 3% gain on Friday
See the full article here: https://www.fxexplained.co.uk/forex-articles/fundamental-and-macroeconomic-analysis/with-oil-keep-looking-at-trade-data-and-news/
Squawk / 20 January 2019 at 19:19 GMTHello,
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Squawk / 17 January 2019 at 8:05 GMTUSDCAD bull trend neutralised; USDJPY indecisive
A more aggressive selloff for the USDCAD Forex rate into mid-January, as we had flagged, was assisted by a rebound in the Oil price (benefiting the Canadian Dollar) and has pushed through some notable USDCAD support levels (see below).
This has shifted the intermediate-term outlook for USDCAD from bullish to neutral, with asymmetrical risks towards an intermediate-term shift to bearish.
As expected, the USDJPY currency pair continued the rebound since the “flash crash” that started the year, to push above the 108.90 level, which neutralised the intermediate-term bearish outlook, to set a broader range theme into the second half of January.
See the full article and video analysis here: https://www.forextraders.com/forex-charts/technical-analysis/usdcad-bull-trend-neutralised-usdjpy-indecisive/