Monday, August 15, 2016

TUESDAY 8/16/16; RBA Minutes; Russia’s MICEX All-Time Record High; UK Economic Data; WTIC Oil Above 46; Brent Oil Above 49; Dollar/Yen 99-Handle; HD; AAP; DKS; HAIN; TJX; CPI (Consumer Price Index); Housing Starts; Industrial Production

Euro 1.1182. Dollar/yen 101.26. Pound 1.288; sterling is at 30-year lows against the dollar. The pound weakens after the Brexit vote in late June. The BOE promises more easy money so everybody and his brother are short sterling 

[Text is Redacted: Purchase August 2016-08 to Read the Complete Chronology]

was expected a huge 4 million barrel difference. If people do not have jobs, and do not have any money to go shopping, the car sits in the driveway. Higher gasoline supply and lower demand hints that oil may experience higher inventories and less demand in the weeks ahead which creates the softness in oil prices.

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