Crude Oil Inventories page 3

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.