Day: January 10, 2018

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  DOE crude oil coming up. API data yesterday showed a huge drawdown.

  Data at the bottom of the hour The DOE data for crude oil is expected to show a drawdown of -3750K but be aware that[...]
  2018-01-10 20:47:08

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  Crude oil inventories show drawdown of -4948K vs -3750K estimate

  Another drawdown but not as low as the API data  The DOE is reporting inventory data for the current week: The price of crude oil[...]
  2018-01-10 20:47:08

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  Canada launches wide ranging trade dispute against the United States

  US trade representative Lighthizer responds It was reported today, that Canada has launched a wide-ranging trade dispute against the US. In it they challenged the[...]
  2018-01-10 20:47:08

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  European shares end the session mixed. Yields mostly higher.

  Gold up but off highs. Crude oil higher.  JPY strongest. CAD is the weakest. The European stock markets are closed and provisional closes are showing[...]
  2018-01-10 20:47:08

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  Another California House Republican announces his retirement

  Rep. Darrell Issa announces he won't run for reelection A 2nd House Republican from California has announced that he will not run for reelection. Rep.[...]
  2018-01-10 20:47:08

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  US 10 year note (well 9 year 10 month) to be auctioned at the top of the hour.

  The yield should be the highest since July 2014 At the top of the hour, the US treasury will reopen the old 10 year note[...]
  2018-01-10 20:47:08

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  US auctions 10 year note at 2.579%. Solid auction.

  Bid to cover comes in at 2.69x vs 2.37x at the last auction The US auctioned $20B of 9 year 10 month reopened notes at[...]
  2018-01-10 20:47:08

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  Wait a minute...We may still have a positive day in stocks

  Dow is unchanged on the day.  S&P down -2 points Wait a minute.....The string of higher closes in 2018 may still be alive. If the[...]
  2018-01-10 20:47:08

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  Audio recap: Inflation is coming

  Audio recap of today's trading The return of inflation is going to be a big conversation in 2018 given the broader macro implications and overall[...]
  2018-01-10 20:47:08

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  The beauty of the Canadian jobs market is in the eye of the beholder

  Is the economy super-strong or is it a mirage? The Bank of Canada's job is to set interest rates but that's not really the scope[...]
  2018-01-10 20:47:08

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