US oil inventories post a surprise drawdown

Prior was +3602K Gasoline +223K vs 1009K exp Distillates +329K vs -583K exp Refinery utilization -2.4% vs -2.0% prior The private data from late yesterday showed: Crude -247K Gasoline -415K Distillates +2000K As of late January 2026, the market has focused heavily on a series of significant gasoline supply builds. Recent data shows: Inventory Surges: Gasoline stocks jumped by…

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Uneasy FOMC

S&P 500 showed premarket weakness, some more on the opening bell, and that was it – I had to change tune fast, just as with Monday‘s gap close and no looking back. It‘s not just FOMC today, we have MSFT and META earning following after the close. USD is trying to recover some ground, but can it be enough…

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Australian Dollar Posts Strongest Weekly Gain Since Liberation Day. Forecast as of 28.01.2026

2026.01.28 2026.01.28 Australian Dollar Posts Strongest Weekly Gain Since Liberation Day. Forecast as of 28.01.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Australia’s highest credit rating and strong bond yields make the Australian dollar a highly attractive safe-haven asset. This increases its appeal compared to its competitors. Let’s discuss this topic and make a trading plan for the AUD/USD pair. The article covers the…

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Chart Art: Can GBP/JPY Break Below This Reversal Pattern’s Neckline?

Guppy looks ready for a reversal from its uptrend, as the pair formed a double top on its 4-hour time frame. Are we about to see confirmation soon? Better keep close tabs on these inflection points! GBP/JPY 4-hour Forex Chart by TradingView Yen-tervention threats appear to be propping the Japanese currency much higher recently, capping the rally since mid-December…

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No Fed rate cut expected today but what about in the months ahead?

The interest rate decision today will be a straightforward one, with the Fed set to leave policy unchanged. There might be slight tweaks to the statement, with focus on the risks to the economy especially the labour market. As for forward guidance, that is likely to be maintained as per December. That leaves us with Fed chair Powell’s press…

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EUR/USD retreats from highs, US Dollar firms up ahead of the Fed

The Euro shows moderate losses on Wednesday, retreating to 1.1985 at the time of writing, from over four-year highs at 1.2082 hit on Tuesday. The US Dollar is picking up as the impact of US President Donald Trump’s comments, praising the US Dollar’s (USD) depreciation, diminishes, and the chances of further European Central Bank (ECB) monetary easing increase. ECB…

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Technical Analysis of US Crude, XAUUSD and EURUSD for Today (January 28, 2026)

2026.01.28 2026.01.28 Short-Term Analysis for Oil, Gold, and EURUSD for 28.01.2026 Alex Rodionovhttps://www.litefinance.org/blog/authors/alex-rodionov/ Welcome, my fellow traders! I have prepared a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Oil continued to rise yesterday. The article…

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Chart Art: Potential Break and Retest Play for CAD/JPY

CAD/JPY recently broke below a long-term trend line support and followed through with a sharp downswing. Since then, the pair has shifted into consolidation, suggesting selling pressure has cooled after the initial move lower. Will we see a break-and-retest situation? CAD/JPY 4-hour Forex Chart by TradingView The Canadian dollar has taken hits over the past few sessions after U.S….

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What are the main events for today?

EUROPEAN SESSION In the European session, we don’t have much on the agenda other than a couple of low tier releases like the Swiss ZEW and the Italian Consumer Confidence. None of the data is going to change anything for the respective central banks, so the market reaction will be muted. The price action throughout the session could be…

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Gold rally extends as safe-haven demand persists ahead of Fed decision

Gold (XAU/USD) continues scaling new all-time peaks heading into the European session on Wednesday and remains supported by the global flight to safety. Investors continue to take refuge in traditional safe-haven assets amid economic and geopolitical uncertainties on the back of US President Donald Trump’s decisions. Furthermore, worries about the US Federal Reserve’s (Fed) independence and prospects for lower…

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