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Mar 27, 2013
US: EIA Crude Oil Stocks rise 3.256M in week of March 22
In the week ending at March 22, crude oil stocks have risen 3.256M, beating consensus of 1.500M. In the previous week, data had dropped -1.314M.
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Mar 27, 2013
Forex: USD/JPY bounces from 94.03 low after US housing data
After a first upside momentum to 94.91 high during the Asian session on reports that the BoJ is preparing to merge its two JGB buying programs into one, with the intention of making the scale of the BOJ's easing programs more transparent, the USD/JPY started to reflect the risk-off sentiment felt because of Dijsselbloem’s comments, rumors of a downgrade to Italy’s rating, and tomorrow’s re-opening of Cypriot banks and Italy’s Bersani talks with President Napolitano tomorrow regarding the progress of coalition negotiations.
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