Daily Morning Call
From the Floor: EIA delivers 'trifecta of bullish oil news'
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WTI crude prices rallied to resistance at $63.15/barrel in the wake of the latest EIA report showing flat production, a surge in exports, and lower inventories. Meanwhile, the dollar remains stable following a suite of massive US Treasury bond auctions.
• USD stable following $279bn in Treasury auctions
• USD stable following $279bn in Treasury auctions
• EURJPY testing supportive 200-day moving average
• Fed chair Powell to address Congress next week
• EIA report bullish for crude, WTI surges to resistance
• Rate hike path not necessarily gold-negative: Hansen