US EIA Crude Oil Stocks change: -1.233M in Apr 12

Apr 17, 2013

Forex Flash: Fed favors holding rates lower for longer – Deutsche Bank

Aside from the data there was a fair amount of Fedspeak yesterday, which on balance was tilted to the more dovish side. Fed Vice Chair Janet Yellen said she favors holding rates "lower for longer". She also said that there was no "pervasive evidence of rapid credit growth" but that there are signs that some parties are reaching for yield which the Fed is monitoring carefully.

Forex Flash: The BoE is waiting to pass the buck to Carney - Societe Generale

Sebastien Galy, Senior FX Strategist at Societe Generale notes that in the UK, the BoE is waiting to pass the buck to Carney.