Bullish currency pair Euro-Dollar runs out of steam at 1.0769; currently at 1.0757

EUR/USD rallies 65 pips (0.61%) deep into the session, trading at 1.0757.

New United States Crude Oil Inventories improved upon the previous -12.46 million figure while also exceeding analyst expectations with a reading of 4.49 million.

Uptick comes while some more positive signs for the Euro are out as Germany Unemployment Change came out at 9,000, better than analyst estimates of 14,000 and improving upon the previous reading of 23,000.

Nevertheless, highly important Crude Oil Inventories data from United States beat analyst expectations of -1.10 million with a reading of 4.49 million.

At the same time, United States ISM Manufacturing PMI (May) came out at 46.9, while a consensus of analysts was expecting 47.

Other currencies are also rising as GBP/USD surges 0.74% to trade around 1.2531. AUD/USD rallies 1.12% to trade around 0.6578.

At the same time, USD/CAD falls 0.96% to trade around 1.3441.

Positive indicators for the Euro are expected going forward as tomorrow at 12:30 UTC data for United States Non Farm Payrolls will be released, with an expected decline to 180,000 from the preceding figure of 253,000.

Furthermore, the market is looking at Spain Unemployment Change projected to come out at -40,100 — worse than previous data of -73,900; data will be released tomorrow at 07:00 UTC. Euro Zone CFTC EUR speculative net positions scheduled to come out tomorrow at 20:30 UTC.

Having set a peak of 1.1073 around 29 days ago, Euro-Dollar is now trading 3.45% below this level.