What does the data mean to the market?
The data indicates the number of crude oil barrels held by commercial firms in the US; this inventory is taken weekly and indicates increases or decreases needed in supply, affecting the price. A Positive number is bad for the oil price. Other oil data is...
EUR/JPY Technical Analysis
The Euro remained in an uptrend and traded above the 132.00 and 132.50 resistances against the Japanese Yen. However, the EUR/JPY pair faced a strong resistance near the 133.00 and 133.10 levels.
The pair failed to hold gains above 133.00 and started a downside move...
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