Month: January 2018

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  Canada November building permits felt -7.7% versus -1.0% expectations

  Prior month was at 3.5% revised higher to 4.4% The price of the USDCAD moved up about 10 pips on the data release, but is[...]
  2018-01-10 20:47:08

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  US stocks are open for trading and they are in the red

  Could be the first down day for the major indices The US stocks are open for trading and they are trading in the red.  This[...]
  2018-01-10 20:47:08

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• 
  WSJ: China Quietly orders closing of bitcoin mining operations

  Keeping the pressure on the bitcoin speculation  The WSJ is out with an article saying China continues to put the squeeze on the bitcoin market:[...]
  2018-01-10 20:47:08

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  US wholesale inventories for November final 0.8% versus 0.7% estimate

  Wholesale trade sales up 1.5% versus 0.6% estimate Overall a good number as sales are covering the inventory build up.  This should be a positive[...]
  2018-01-10 20:47:08

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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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