{"id":22083,"date":"2011-03-09T03:00:09","date_gmt":"2011-03-09T07:00:09","guid":{"rendered":"http:\/\/www.forexyard.com\/blog\/en\/?p=13601"},"modified":"2011-03-09T03:00:09","modified_gmt":"2011-03-09T07:00:09","slug":"crude-oil-may-see-correction-today","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/03\/09\/crude-oil-may-see-correction-today\/","title":{"rendered":"Crude Oil May See Correction Today"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/profile-pics\/16.jpg\" width=\"120\"  alt=\"printprofile\" \/><\/p>\n<p>The euro halted its recent bullish streak yesterday, as investor concerns regarding euro zone debt outweighed the recent hawkishness regarding interest rates in the region. The EUR\/USD dropped well over 100 pips yesterday and is currently trading below the 1.3900 level.<\/p>\n<p><span id=\"more-13601\"><\/span>Today, traders will want to pay attention to the commodities markets as global news continues to affect prices, particularly with regards to crude oil.<\/p>\n<p><em>Here is a roundup of the day&#8217;s main news<\/em>:<\/p>\n<p><a href=\"http:\/\/www.eia.doe.gov\/\">15:30 GMT- US Crude Oil Inventories<\/a><\/p>\n<p>The persistent violence throughout Libya has led to a sharp increase in the price of crude oil in recent weeks. While crude is still trading at well over $100 a barrel, there is evidence that today&#8217;s US inventories figure may start to bring prices down.<\/p>\n<p>US oil reserves are forecasted to come in at 0.8M, a sharp increase over last week&#8217;s figure of -0.4M. There is a growing consensus that demand for oil has gone down in the US due to rising prices. If today&#8217;s figure comes in as predicted, that notion would be supported and could result in a downward correction for oil in afternoon trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p> The euro halted its recent bullish streak yesterday, as investor concerns regarding euro zone debt outweighed the recent hawkishness regarding interest rates in the region. The EUR\/USD dropped well over 100 pips yesterday and is currently trading belo&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-22083","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=22083"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22083\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=22083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=22083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=22083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}