Thursday, November 16, 2017

TUESDAY 11/14/17; World’s Central Bankers Meet in Frankfurt; HD; ARMK; LNG; SSYS; PPI (Producer Price Index)

Euro 1.1666. Euro/yen 132.54. Dollar/yen 113.63. Pound 1.3113. Euro/pound 0.8895. Mexican peso 19.1353. Canadian dollar 1.2737. Dollar/yuan 6.6405. Aussie dollar 0.7619.







[Purchase the 2017-11 chronology to read and study the market drama in November.]







The API Oil Inventories are a huge 6.5 million barrel build when a 1.4 million draw down was expected. Oil prices will retreat since crude is sloshing around in the tanks filled to the brim. Gasoline Inventories are a build so there is no need for refineries to boost oil demand. WTIC oil 55.31. Brent oil 61.73.

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