Yes my decision is being based on Gasoline and Oil. If both those lines deviate in the same direction I will take a trade. The other lines are not important!
Thanks, James
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 which then affects the price. A Positive number is bad for the oil price. There is...
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 which then affects the price. A Positive number is bad for the oil price. There is...
Country of release - South Africa
What does the data mean to the market? Higher interest rates are great for the value of the currency. Higher interest rates will create a BUY on ZAR Pairs and vice versa.
Historic Deviations and Their Outcome
We see deviations often. We have seen 4...
What the data means 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 which then affects the price. A Positive number is bad for the oil price. There is other...
Country of release - UK
What does the data mean to the market?
The UK's most important inflation data, it’s the leading central bank's inflation target. Recently the BOE has sighted this data as particularly important, so I think we should see a reaction from it.
Historic Devitations and...
Country of release - Germany
What does the data mean to the market? Purchasing managers indexes (PMI’s) are a survey taken from the top business purchasing managers in a country's largest companies. They give a forward-looking indicator of how a section of a countries economy is looking. A...
Country of release - Australia
What the data means to the market.
The total number of people employed/changed in the previous month, More employment is positive for the Aussie dollar and would create a buy of AUD. This also comes out with the unemployment rate which has the reverse impact a...
Country of release - USA
What the data means 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 which then affects the price. A Positive number is bad for the...
There are many many lines of data to this report. It’s easy to let the other numbers cloud your judgment.
I focus only on The core month-on-month Figure (MoM) which today has a forecast -0.100.
Last month Retail sales gave a big upward surprise of +4.9 from the forecast, which is a very...
We could grab some pips from this report today, it’s nice to have this rare occurrence where this doesn’t come out with the highly anticipated NFP report. Which usually comes out at the same time. Canadian data is looking hot these days and a deviation from the forecast here could see a change...
There are 4 main lines of data: -
DOE Crude
DOE Gasoline
API Actual Crude
API Actual Gasoline
Remember that Oil is a commodity. More oil is bad for the market price and vice versa. A positive deviation means a SELL on OIL and a negative deviation means a BUY on oil! So we must reverse...
This report is coming back into focus, in fact, Inflation around the world is being watched more closely than in previous months. Today there are 4 main lines of data released, which are: -
CPI - Core (M/M) – Month on Month
CPI - Core (Y/Y) - Year on Year
CPI (M/M) – Month on Month
CPI (Y/Y) -...
DOE Crude Forecast is -0928
DOE Gasoline is -2300
API Actual Crude is +7400
API Actual Gasoline is -9900
I'll use a forecast of -/+3000 for Crude oil
Will therefor use a forecast of = -5000 for Gasoline
Remember that Oil is a commodity. More oil is bad for the market price and vice versa. A...