Oil – private survey of inventory shows a larger headline crude oil draw than was expectedIt is a solid day for US indices. Indices close the day near highs with PPI the catalyst.Rick Reider: Market cleaned out a lot of leveraged positionsCrude oil futures settled at $78.35Atlanta Fed Pres. Bostic: Balance of risks and economy is getting back to levelGeopolitics: Sec of State Blinken: Postpones trip to the Middle EastWill oil prices follow gas prices?European indices close higherIran holds military drills in the northern part of the countryMarket surge led by tech giants: Exploring today’s vibrant stock landscapeReuters poll: US 10 year treasury note yield to rise to 4.03% in three months:Geopolitics: Explosion heard in Tel AvivKickstart the FX trading day for Aug 13 w/a technical look at the EURUSD, USDJPY & GBPUSDUS PPI Final Demand MoM 0.1% vs 0.2% estimate. YoY 2.2% vs 2.3% estThe NZD is the strongest and the CHF is the weakest as the NA session beginsForexlive European FX news wrap 13 Aug – UK jobs data beats estimates
This article was written by Greg Michalowski at www.forexlive.com.
