USDCAD retraces it’s CPI gains

Fall below the 100 day MA spoils the buyers partyThe US dollar love affair in the USDCAD, turned disastrous after the price fell back below the 100 day MA way up at 1.26185.  The lovers of the USD, turned their attention to the CAD instead and force the price all the way down to whence […]

US EIA weekly oil inventories +1841K vs +3100K expected

US weekly oil inventory and production data Prior was 1895K Gasoline +3599K vs +1800K exp Distillates -459K vs 0K exp Cushing -3642K vs -711K prior Production +0.2% w/w Production 10.271 mbpd vs 10.251mbpd prior Private data from the API yesterday: Oil +3947K Cushing -2319K Gasoline +4634K Distillates +1100K Crude quickly to $59.25 from $58.70 on […]

EURUSD erases all the CPI declines

Races back above the 200 hour MA.The EURUSD has now erased all of the declines on the back of the higher CPI data. The move higher just broke above the 100 hour MA at 1.23355 and is seeing covering that has now taken the price above the 50% of the move down from Feb 1 […]