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Indices and Oil strategies

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 6, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    The Day So Far Last night’s API inventory drawdown of 5.6 million barrels has proved no panacea for WTI crude as it broke $35 this morning, dragging equities lower in the process. Global crude inventories remain around 3 billion barrels so it will take more than one solid drawdown to materially affect the fundamental outlook for crude. The Yen has made a new high against the dollar, while the Bund and T notes stay bid in correlated risk-off positioning. This has very much been the story of

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