A slow down? After three days of going up, Arabica Coffee is flat today, hovering around $162.75.

Published: January 26 2023, 01:51 GMT+0

A slow down? After three days of going up, Arabica Coffee is flat today, hovering around $162.75.

Coffee trades at $162.75 per pound, after ending yesterday at $162.45.

This uncertain state for Arabica Coffee is reflected by published market data as Crude Oil Inventories in United States fell short of market expectations (971,000) with a reading of 533,000, continuing the decline from the previous figure of 8.41 million. United States 5-Year Note Auction released yesterday at 18:00 UTC with a figure of 3.53, while the previous figure was 3.973. United States Cushing Crude Oil Inventories came out at 4.27 million.

Data to be released later is expected to clarify investor sentiment while boosting price action volatility as projections for United States Core Durable Goods Orders are set for a continuation of decline with -0.2% while previous data was 0.1%; data will be released today at 13:30 UTC. United States Pending Home Sales is projected to outperform its last figure with -0.9%, having previously been at -4%. The figure will be published tomorrow at 15:00 UTC. United States Core PCE Price Index (MoM) (Dec) will be released tomorrow at 13:30 UTC.

Coffee hit a significant low of $151.1 around 9 days ago, but has since recovered 7.51%.

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