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  • Squawk / 44 minutes ago
    Head of Commodity Strategy / Saxo Bank
    Crude oil trading modestly higher on continued geopolitical risks and ahead of today’s weekly stock report from the EIA at 1430 GMT.
    Iraqi forces continue to recapture territory from the Kurds while shipping sources say that flows through the Kurdish pipeline to the Turkish port of Ceyhan have dropped sharply to around 225,000 barrels per day from around 500,000 bpd on Tuesday.
    Oil received a lift yesterday after the API said US oil stocks fell 7.13m barrels last week, more than double what surveys expect the EIA report will show later today. The gains however were somewhat hampered by a rise in both gasoline and distillates and if confirmed by the EIA the latter would represents the first rise in seven weeks.
    NOTE: Export, imports and off-shore crude oil production are all likely to have been impacted by Hurricane Nate which hit the Gulf of Mexico during the reporting week.
    Updates to follow below once the report is out.
    Read the Squawk
  • Calendar event / 5 hours ago

    GB UK monthly unemployment figures

    High Jobless Claimants % of Workforce
    High Jobless Claimants-Adj
    Med Avg Earnings Ex-Bonuses, 3-Mo
    Med Unemployment Rate, 3-Mo
    Med Unemployment, Net Chg, 3-Mo
  • Calendar event / 5 hours ago

    ZA CPI

    Med CPI, Y/Y%
  • Trade view / 13 hours ago
    Short term

    NZDUSD recovery potential ahead

    Managing Director / Technical Research Limited
    New Zealand
    NZDUSD is showing bearish wave and pattern structures. Support is around the mid 0.7100s, with resistance at 0.7200. There is upside potential to 0.7300 and 0.7350/0.7365.
    Read the Trade View
    marran marran
    it looks like this is stopped out now anyway
    Patto Patto
    Follow the money ?....perhaps this price action in NZDUSD in an otherwise quiet session suggests the story has leaked: New Zealand is going to have a left...
    cashfactor cashfactor
    no its about the usd.....have a look at all usd pairs