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TradersCom
January 18, 2017, 06:30:21 PM by TradersCom
Views: 786 | Comments: 6

We heard from Federal Reserve Chair Janet Yellen and the Regional Federal Reserve Beige Book for the last time ahead of the Trump Presidential inauguration, now the ECB gets to meet before the inauguration also. Unrelated but in a week of UK PM May's speech, Trump comments on NATO, Merkel & Brexit it is wise to be prepared.

Thursday, 19 Jan 2017 Governing Council of the ECB: monetary policy meeting in Frankfurt
ECB Monetary Policy Decision
- Time: 13:45 CET 12:45 GMT 6:45 ET
President Draghi's Press conference in Frankfurt following the Governing Council meeting of the ECB
- Time: 14:30 CET 13:30 GMT 7:30 ET

No change expected to any rates What the market will look for is commentary & economic forecasts.
 
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TradersCom
January 18, 2017, 06:24:26 PM by TradersCom
Views: 924 | Comments: 4

EIA's Weekly Gas Storage Report Report Date: 1/19/17
Release Time: Thursday 19 Jan 2017 - 16:30 GMT 10:30 ET

Another week of natural gas volatility interspersed by the MLK long weekend. Expect more weather-driven algorithm volatility and surprise after last week's reversion to the mean -151 Bcf draw. Again no one seem's to have a clue what's going on in the south-central region. The first two reports for 2017 and the consensus and actual delta was
35 Bcf, oh to be a bookie on this right now.

Last week’s weather was 4 percent colder than last year and 13 percent colder than the five-year average. Since September weather has been 6 percent colder than last year, but 7 percent warmer than five-year average.

Market Expectations
Actual -243 Bcf Prior -151 Bcf
Consensus Forecast  - 237Bcf
Cons. Range: -225 to -249 Bcf
EIA swap: -237 to -238 @ CT 15.13

 
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TradersCom
January 18, 2017, 01:58:19 PM by TradersCom
Views: 1389 | Comments: 11

U.S. Energy Information Administration (EIA) data for the week ended January 13, 2017

DOE Weekly Petroleum Status Report Date: 1/19/17
Release Time: Thursday 19 Jan 2017 - 17:00 GMT 11:30 ET


Market Expectations
Crude +2347K vs exp  Draw -1000k Prior +4097 API -5042k
Cushing -1274k vs exp Draw -756k Prior-579k API -1100k
Gasoline +5951K vs exp Build+2300k Prior+5023k API +9750k
Distillate -968K vs exp Draw -900k Prior 8356k API +1170k
Refinery utilization -2.9% vs exp -0.4% Prior 1.60%
Weekly production fell by -0.002 mbpd to 8.944 mbpd -0.291 mbpd lower YOY
Imports -651k
Note in in bbls *exp = Reuters poll est except Cushing

View Prev Week Report & Analysis.
 
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TradersCom
January 18, 2017, 01:32:25 PM by TradersCom
Views: 430 | Comments: 3

Today we get to see what the Regional Federal Reserve Banks and Fed Chair Janet Yellen have to add before President-Elect Donald Trump is inaugurated as President of the United States. Yellen Speaks in San Francisco at 3.00 PM ET. The Beige Book is released at 2.00 PM ET.

Beige Book Highlights
- Most areas of US economy continued to see modest growth with financial conditions stable
- Wages gained modestly in most areas amid tight job market
- Wages in some districts were pushed up by increases in state's minimum wages
- Pricing pressures intensified somewhat as firms face widespread difficulties of finding skilled labor
 
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HeidsterTrades
January 18, 2017, 12:09:03 PM by HeidsterTrades
Views: 479 | Comments: 2

The world’s largest oilfield services company, Schlumberger N.V. (NYSE:SLB) is scheduled to release quarterly earnings result for Q42016 earnings Friday 1/20/2017 before the open. Analysts expect the company to announce earnings of $0.28 per share and revenue of $7.06 billion for the quarter.

SLB has benefited much from the increase in US shale drilling activity as we have seen US Oil Rigs Continue to Rise Baker Hughes  rig count data shows. However since ts acquisition of Cameron International SLB has a higher exposure toward the North American offshore market.
 
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What’s ahead this week:
Jan 17   Empire Manufacturing
Jan 18   MBA Mortgage Applications Index
Jan 18   MBA Mortgage Index
Jan 18   CPI
Jan 18   Core CPI
Jan 18   Industrial Production
Jan 18   Capacity Utilization
Jan 18   NAHB Housing Market Index
Jan 18   Fed's Beige Book
Jan 18   Net Long-Term TIC Flows
Jan 19   Initial Claims
Jan 19   Continuing Claims
Jan 19   Housing Starts
Jan 19   Building Permits
Jan 19   Philadelphia Fed
Jan 19   Natural Gas Inventories
Jan 19   Crude Inventories


One of the most important charts of 2016
via @topdowncharts   

Bank of Japan is set to become the biggest buyer of exchange-traded funds in 2016 for the second straight year http://s.nikkei.com/2i5gXKs
via @vexmark   

Is Bitcoin the new safe haven. Digital currency keeps rising while Gold prices keep falling.
via @Schuldensuehner

Japan's central bank has purchased enough stock to completely offset sales by foreigners

via @HayekAndKeynes

US IPO activity has gone into decline

@topdowncharts