Crude Oil Inventories page 2

Key events:       Canada – Core CPI (MoM) (Nov)   USA – CB Consumer Confidence (Dec) USA – Existing Home Sales (Nov) USA – Crude Oil Inventories  

Key events: Canada – BoC Interest Rate Decision   USA – Crude Oil Inventories The Bank for International Settlements (BIS) is worried about various problems, thereby sparing our local central banks from this excitement. The immediate concern at the BIS is that central banks will have to conduct anti-crisis measures in markets suffering from rising interest rates, which will diminish the effect of efforts to curb inflation, leading to shrinking monetary liquidity and debt portfolios.

Key events: UK – Composite PMI    UK – Manufacturing PMI    UK – Services PMI    USA – Building Permits   USA – Core Durable Goods Orders (MoM) (Oct) USA – Initial Jobless Claims USA – New Home Sales (Oct) USA – Crude Oil Inventories USA – FOMC Meeting Minutes    

Key events: Canada – Core Retail Sales (MoM) (Sep) USA – FOMC Member Bullard Speaks      USA – API Weekly Crude Oil Stock  

Key events: USA – Crude Oil Inventories   One can`t but be concerned about the midterm elections, right? Worrying about what the makeup of the U.S. Congress will be after the election is always present. Curiously, the stock market usually drops during the period until the first Tuesday after November 1 in election years, but then rises sharply until the second quarter of the following year.

Key events:   USA – ADP Nonfarm Employment Change (Oct)   USA – Crude Oil Inventories   USA – FOMC Statement      USA – Fed Interest Rate Decision USA – FOMC Press Conference U.S. stock indices, which began an active growth in trading on Tuesday, ended the session in the red after the publication of strong macroeconomic statistics, which increased the likelihood of a more aggressive tightening of monetary policy by the U.S. Federal Reserve (Fed).

Key events: Eurozone - CPI (YoY) (Sep) USA - Building Permits (Sep)   Canada - Core CPI (MoM) (Sep)   USA - Crude Oil Inventories If mistakes by central banks lead to high interest rates and recession, real chaos is created by the government. This is the case in Britain when it comes to the tug-of-war between fiscal and monetary policy.