US weekly oil inventory and production data coming up

Data due at the bottom of the hour
The prior reading was -2747K and the consensus is -3250K but that’s likely out-of-whack after the huge draw in .
API reported late yesterday
Note, however, that API is on a bit of a cold streak.

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If people are this insane, we’re only at the start of some kind of crazy cryptocurrency bubble

Here’s a guy who sold everything his family had to trade cryptocurrencies
A Dutch man with a wife and three kids sold everything to bet on cryptocurrencies. Didi Taihuttu is in the process of selling his home and everything else he owns, moving to a ca…

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Lighthizer: No indication NAFTA partners willing to make changes to reduce US trade deficit

No favors from Canada and Mexico
Lighthizer, who is the US negotiator, said he’s ‘surprised and disappointed’ by Canada and Mexico.
Tough to tell where this ends.
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Canada keeps hammering the housing market with new rules

New rules finalized
Rules, not rates, are how the housing market is controlled in the future.
In the past 6 months, it’s been one new rule after another for Canadians. Today regulators financed a rule that would make borrowers qualify at 2 percentage …

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What’s priced in for the Bank of England

What will Carney do
The thinking after today’s comments is that Carney is less-enthusiastic about hiking rates than we thought. The market still sees a high probability of a rate hike in November but it might be a one-and-done, at least for awhile.

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What’s priced in for the Bank of England

What will Carney do
The thinking after today’s comments is that Carney is less-enthusiastic about hiking rates than we thought. The market still sees a high probability of a rate hike in November but it might be a one-and-done, at least for awhile.

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