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- Written by TradersCom
- Category: Economy
US durable goods orders fell in July, first decline in 3 months. However excluding transportation rose. Of note nondefense capital goods orders, excluding aircraft, which is seen as a proxy for business spending were flat after rising 1.0% in June.
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- Written by Helmholtz Watson
- Category: Central Banks
The S&P, Dow and Nasdaq indices all hit record highs on Monday, continuing the sharp reversal off one month lows ahead of Jerome Powell's speech at Jackson Hole, Wyoming set for Friday, though Fed officials will meet virtually for their annual symposium.
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- Written by TradersCom
- Category: Energy
The EIA reported a build of +46 Bcf of working gas in storage. Reclassifications from base to working gas saw increased working gas stocks of 4 Bcf in South Central nonsalt region. The implied flow is an increase of 42 Bcf to working gas stocks
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- Written by TradersCom
- Category: Energy
WTI Oil futures continued to fall with Delta and White House discontent. EIA reported crude drew -3233kbbl (incl -980kbbl draw at Cushing, lowest since Jan 2020, Midwest crude stocks lowest since Oct 2018). Gasoline stocks fell -1401kbbl, Utilization rose 0.4% to 92.2%. Production +100k to 11,300 kbpd.
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- Written by TradersCom
- Category: Forex
Prime Minister Justin Trudeau of Canada called an election for next month, on September 20. He has been emboldened by polls showing his Liberal Party with a large enough lead to retake a majority in parliament.
