EIA Cushing Crude Oil Stocks Change comes in at 0.444M against -0.179M consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
The EIA Cushing Crude Oil Stocks Change was reported at 0.444M, significantly above the consensus expectation of -0.179M. This print represents a 348.0% surprise compared to the forecast. The previous reading for this indicator was 0.553M.
Following the release, market reactions after 15 minutes showed varied movements. AUDUSD moved up 0.5 pips, EURUSD gained 2.5 pips, and NZDUSD rose 0.6 pips. GBPUSD declined by 3.7 pips, USDCAD fell 6.2 pips, and USDJPY was down 1.7 pips. USDCHF saw a 0.9 pip increase, while XAUUSD gained 62 pips. When compared to typical median 1-hour moves, which are 7 pips for AUDUSD, 8 pips for EURUSD, 11 pips for GBPUSD, 6 pips for NZDUSD, 10 pips for USDCAD, 7 pips for USDCHF, and 8 pips for USDJPY, the initial 15-minute moves for most currency pairs appear relatively small. XAUUSD’s 62 pip gain is notable compared to its median 1-hour move of 23 pips.