Bernanke's speech sparks sharp swings in crude oil markets, EIA data supports oil prices

: U.Scrude edged up 0.49 percent to 106.48Crude oil rebounded yesterday after falling to an intraday low of 105.11 as investors waited to wait for Bernanke's congressional testimony in the eveningThe u.Scrude oil was followed by sharp swings in the easing and tightening message seamount in Bernanke's speechBut in the end, backed by positive data, crude oil closed in redU.SEIA crude inventories fell 6.902 million barrels last week after falling by about 10m barrels in the previous two weeks, data showed yesterdayThe U.Sis entering the peak summer travel season, gasoline supply shortages, refineries increased gasoline capacityLibyans continue to stage protests and block crude oil exportsBernanke's speech was hawkish, but he said the Fed's reduction in debt purchases was premised on more signs of improvement in the economyA stronger economy in the oil's largest consumer would boost the dollar, but it would also boost domestic demandOn the trend, crude oil is still in February 2012 small head tenacious consolidation, concussion finishing in inevitable, if you can effectively break through 107.45, the next pressure level 110 may be easily brokenfrr
Forex: Yesterday's European session focused on sterling, uk inflation is likely to break the 3 per cent threshold, the Bank of England members collectively turned to the hawkish camp to keep asset purchases and interest rates unchanged, after three members supported expanding asset purchases to stimulate the domestic economyThe bank's unity within the Bank of England, with the possibility of a shift to tightening, sent the pound soaring by more than 1 per cent, although Mr Bernanke's speech in the US was hawkish and limited the pound's continued rise Yesterday's foreign exchange movements were largely dominated by Mr Bernanke's statement, and the volatility was intense Although the first release of Bernanke's congressional speech was largely new, but the market is still understood to be biased, which triggered a brief and rapid pull-up of non-US currencies, but the market finally realized that Bernanke's stance is still strong, non-US currencies immediately dived, although the end of the recovery of some of the lost ground frr
Global markets: Yesterday, the three major U.S stock indexes were dominated by flat volatility, ending with a slight rally The Dow is up 0.07 percent, the Nasdaq is up 0.32 percent and the S.P is up 0.28 percent The Nasdaq index hit its highest level since 2003, and the Dow, the Dow, was flat below record highs Gold fell more than 1.19 per cent yesterday after hitting the 30-day and downward trend line, and the more hawkish stance of Federal Reserve Chairman Ben Bernanke weighed on the gold frr
Thursday Frr : frr Euro zone May current account frr U.S June retail sales rate and annual rate frr U.S jobless early last week frr July Philadelphia Fed manufacturing index frr crude oil: U.S crude oil edged up 0.49 percent to 106.48 Crude oil rebounded yesterday after falling to an intraday low of 105.11 as investors waited to wait for Bernanke's congressional testimony in the evening The u.S crude oil was followed by sharp swings in the easing and tightening message seamount in Bernanke's speech But in the end, backed by positive data, crude oil closed in red U.S EIA crude inventories fell 6.902 million barrels last week after falling by about 10m barrels in the previous two weeks, data showed yesterday The U.S is entering the peak summer travel season, gasoline supply shortages, refineries increased gasoline capacity Libyans continue to stage protests and block crude oil exports Bernanke's speech was hawkish, but he said the Fed's reduction in debt purchases was premised on more signs of improvement in the economy A stronger economy in the oil's largest consumer would boost the dollar, but it would also boost domestic demand On the trend, crude oil is still in February 2012 small head tenacious consolidation, concussion finishing in inevitable, if you can effectively break through 107.45, the next pressure level 110 may be easily broken frr
Forex: Yesterday's European session focused on sterling, uk inflation is likely to break the 3 per cent threshold, the Bank of England members collectively turned to the hawkish camp to keep asset purchases and interest rates unchanged, after three members supported expanding asset purchases to stimulate the domestic economy The bank's unity within the Bank of England, with the possibility of a shift to tightening, sent the pound soaring by more than 1 per cent, although Mr Bernanke's speech in the US was hawkish and limited the pound's continued rise Yesterday's foreign exchange movements were largely dominated by Mr Bernanke's statement, and the volatility was intense Although the first release of Bernanke's congressional speech was largely new, but the market is still understood to be biased, which triggered a brief and rapid pull-up of non-US currencies, but the market finally realized that Bernanke's stance is still strong, non-US currencies immediately dived, although the end of the recovery of some of the lost ground frr
Global markets: Yesterday, the three major U.S stock indexes were dominated by flat volatility, ending with a slight rally The Dow is up 0.07 percent, the Nasdaq is up 0.32 percent and the S.P is up 0.28 percent The Nasdaq index hit its highest level since 2003, and the Dow, the Dow, was flat below record highs Gold fell more than 1.19 per cent yesterday after hitting the 30-day and downward trend line, and the more hawkish stance of Federal Reserve Chairman Ben Bernanke weighed on the gold frr
Thursday Frr Thursday Watch: frr Euro zone May current account frr U.S Retail Sales Monthly rate April U.S jobless early last week frr U.S July Philadelphia Fed Manufacturing Index frr