Breaking: US weekly crude oil inventories rose by record 19.2 million barrels
US weekly crude inventories showed another record build last week as demand destruction from coronavirus pandemic continued
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- Gold extends steep fall below $1900
- Crude oil prices rise on dominating supply factor
- EURGBP in extended sideways mode and looks for fresh direction signal
- EURUSD – bears may take a breather before larger downtrend resumes
- Cable falls further, psychological 1.20 support coming in focus
- Gold under pressure from strong dollar, attack at $1900 likely after consolidation
- EURUSD dips to the lowest in over six months on weak German data and firmer dollar
- USDJPY – bulls hold grip and eye 150 target
- Dollar hits new multi-month high against the basket of major world currencies
- Weak UK economic data add to cable’s negative outlook