Investors pointed to the American Petroleum Institute’s (API) US Inventory Data, issued Tuesday, as weighing on prices. The U.S. Energy Information Administration (EIA) will issue its Inventory Data today at 10:30 AM ET. If the increase in Crude Inventories is more than expected, it implies weaker demand and is Bearish for Crude prices. The same can be…
Core Retail Sales measures the change in the total value of sales at the retail level in Canada, excluding automobiles. It is an important indicator of consumer spending. Expected reading is -0.3% forecast against 1.7% current reading. A higher than expected reading tends to be Positive/ Bullish for the CAD, while a lower than expected…
The big news is that Nasdaq Composite crossed the 6000 mark as markets extended the Macron Rally during the Wall Street Session Tuesday. S&P 500 and Dow Jones Index both advanced as well, with the Dow rising more than 200 points. Oil slipped on bulging US Crude Inventories and Asian Indices hit close to 2…
