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Weekly inventory data from the DOE The price of crude oil was trading at $66.14 prior to the report Crude oil inventory 5479K vs 1000K est Gasoline inventory -2129K vs -1822k est Distilates -662K vs -900K est. Cushing 463K vs -1543K last week US refinery utilization 2.40% vs 0.80% estimate crude oil implied demand 18566
Moves to neutral policy stance The USDCAD moved higher on the back of the more dovish statement and lower growth projections. The price spiked quickly above the March high at 1.34667 and moved to a high price of 1.35199. We currently trade at 1.35048.  On the daily chart, the 1.3570 area is home to a
Brexit – Where are May – Corbyn talks at? (Spoiler … nowhere) & where to for GBP? Coming Up! Title text for next article Comments via ING Bank on Brexit talks between UK prime minister Theresa May and the leader of the opposition Labour party Jeremy Corbyn
Reuters reports, but notes that policy easing remains on track Better-than-expected Q1 data reduces urgency for RRR cuts PBOC likely to pause to assess economic conditions before making further moves Easing bias remains unchanged but PBOC sees less room this year for cutting RRR This comes with the view that fiscal stimulus plays a bigger
Not much has happened over the Easter break in the UK ForexLive The government is continuing to hold talks with the Labour party but as it stands, they don’t seem to be making any real progress with regards to breaking the current Brexit impasse. And it sure doesn’t look like things can or will get