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TOUGH DAY

AUD/CAD 1.00744 00:40 21.02
EUR/USD 1.06062 00:30 21.02
NZD/USD 0.71666 00:30 21.02
AUD/CAD 1.00763 00:20 21.02
BitCoin/CNY 7290.305 00:00 21.02
AUD/NZD 1.07178 00:00 21.02
NZD/USD 0.71742 00:00 21.02
EUR/AUD 1.37969 00:00 21.02
CAD/JPY 86.436 00:00 21.02
NZD/JPY 81.265 00:00 21.02
AUD/USD 0.76895 00:00 21.02
AUD/JPY 87.098 00:00 21.02
GBP/JPY 141.280 00:00 21.02
EUR/JPY 120.171 00:00 21.02
USD/JPY 113.272 00:00 21.02
EUR/USD 1.06089 00:00 21.02
NZD/JPY 81.332 23:30 20.02
AUD/USD 0.76855 23:30 20.02
AUD/JPY 87.028 23:30 20.02
EUR/JPY 120.162 23:30 20.02
EUR/USD 1.06119 23:30 20.02
USD/JPY 113.238 23:30 20.02
BitCoin/CNY 7186.225 23:00 20.02
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It’s been a tough day for binary traders following the woes of the great Texas Tea – Oil, from $93.250 up to $94.500 settling around $93.7.

As we’ve all noticed the various International factors pulling in different directions has been immense over the past week. Still head of the Federal Reserve, Ben Bernanke’s speech yesterday weakened the USD, raising the price of oil in moments.

As traders begin to shift their focus from the outcome of International talks between a substantial group of world powers and Iranian officials to actual and projected US crude inventories. The American Petroleum Institute (API) reported a growth of 512,000 barrels last week, while a further increase in US inventories is expected to be reported the by the Energy Information Administration (EIA). If analysts are correct, that would mean we are in the midst of nearly a 10% over the past 10 weeks.

If these projections are correct it could mean a short lived rise in the price of oil, followed by a rapid decline back to current prices.

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