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The EIA inventory stats provided a glimmer of hope

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 29, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    A meaningful rally yesterday but not much red meat to get stuck into, the Fed kept rates on hold whilst not ruling out a hike in December which actually strengthened the greenback, the bounce might have been higher otherwise. The EIA inventory stats also provided a glimmer of hope, albeit slightly clutching at straws. The build was only 3.4m barrels, lower than the whisper by 0.2m and importantly lower than the API number on Tuesday, stocks at Cushing fell by 785/- barrels which also helped.

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