US: EIA Crude Oil Stocks jumps to 6.696M in April-26

FXstreet.com (Barcelona) - EIA Crude Oil Stocks boosted its rising pace by adding 6.696M to its stocks in the week ending at April 26, following a 0.947M rise. Analysts were only expecting 0.800M.

May 1, 2013

Forex: USD/JPY finds support at 97.00 and trades back at 97.25

The US dollar was trading lower against the Japanese yen in the early American morning but after falling around 60 pips from the 97.60, the USD/JPY seems to have found support at the 97.00 level. The pair is now trading at 97.20.

Forex: EUR/USD relaxes to 1.3190 after US ISM manufacturing PMI

The EUR/USD printed its highest price just after the publication of disappointing US ADP data, ,at 119K in April instead of the 150K expected (also with the March figure being revised lower from 158K to 131K), and jumped to 1.3242 high. Then, profit taking happened and the pair erased its gains progressively back to the 1.3200 mark. With the release of US ISM data, the market tumbled below the psychological level and is now trading around 1.3190, as of writing.