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Value Area CL:: 43.18 / 42.78 Value Area ES:: 2437.25 / 2431.75 9:00amEUR Belgian NBB Business Climate 9:45am USDFlash Manufacturing PMI USDFlash Services PMI 10:00am USDNew Home Sales 1:30pm USDRig Count 2:15pm USDFOMC Member Powell Speaks Statistics: Posted by Bon — Fri Jun 23, 2017 8:20 am

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Daily News Events • June 23

Value Area CL:: 43.79 / 42.33 Value Area ES:: 2436.25 / 2431.25 8:30am CADCore Retail Sales m/m CADRetail Sales m/m USDUnemployment Claims 9:00am USDHPI m/m 10:00am EURConsumer Confidence USDFOMC Member Powell Speaks USDCB Leading Index m/m 10:30amUSD Natural Gas Storage Forecast 55B Previous 78B Statistics: Posted by Bon — Thu Jun 22, 2017 5:25 am

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Daily News Events • June 22

Value Area CL:: 43.42 / 43.10 Value Area ES:: 2444.10 / 2436.50 10:00am USDExisting Home Sales 10:30amUSD Crude Oil Inventories Forecast -1.2M Previous -1.7M API -2.7m Statistics: Posted by Bon — Wed Jun 21, 2017 9:07 am

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Daily News Events • June 21

Value Area CL:: 45.12 / 44.46 Value Area ES:: 2450.00 / 2444.00 8:30am CADWholesale Sales m/m USDCurrent Account 3:00pm USDFOMC Member Kaplan Speaks 4:30/4:35pm USDAPI Stock Statistics: Posted by Bon — Tue Jun 20, 2017 6:52 am

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Daily News Events • June 20

Value Area CL:: 44.95 / 44.85 Value Area ES:: 2429.75 / 2423.25 8:00am USDFOMC Member Dudley Speaks 11:00am EURGerman Buba President Weidmann Speaks 7:00pm USDFOMC Member Evans Speaks Statistics: Posted by Bon — Mon Jun 19, 2017 7:37 am

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Daily News Events • June 19

Value Area CL:: 44.80 / 44.66 Value Area ES:: 2429.75 / 2419.75 All Day EURECOFIN Meetings 8:30am CADForeign Securities Purchases USDBuilding Permits USDHousing Starts 10:00am USDPrelim UoM Consumer Sentiment USDLabor Market Conditions Index m/m USDPrelim UoM Inflation Expectations 12:45pm USDFOMC Member Kaplan Speaks 1:30pm USDRig Count Statistics: Posted by Bon — Fri Jun 16, 2017 1:31 pm

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Daily News Events • Re: June 16

The event in focus is undoubtedly the UK election that ends in hung parliament, as Conservatives were short of a majority. British pound dived to as low as 1.2683 against US dollar, erasing the gains made following PM Theresa May had announced the snap election in April. EURGBP also rallied as much as -2% although the euro has weakened against the greenback after the ECB meeting Interestingly, European stocks futures recovered after losing earlier in the day.

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UK Election Leads to Hung Parliament

We have a busy day on Thursday, with UK general election, ECB meeting and former FBI Director James Comey’s testimony under the spotlight. Ahead of these events, what dominated the focus was the slump in crude oil prices, after the US reported increase in inventory. The front-month WTI crude oil contract dived to a 1-month low of 45.65 before ending the day at 45.72, down -5.13%, while the Brent crude contract plunged -4.11%, and settled at 48.06.

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Crude Oil Slumped as US Inventory Rose for the First Time in 9 Weeks. Busy Day Ahead

Financial markets were slightly risk-off ahead of important events on Thursday: UK election, ECB meeting, and former FBI Director James Comey’s testimony. Meanwhile, geopolitical tensions in the Middle East also hurt risk appetite. Treasuries and gold were favored over equities. US 2-year yields slipped -2 points to 1.29% while 10-year yields dropped -4 points to 2.14%. News that China was ready to buy more US treasuries also sent prices higher (yields lower).

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Investors Hold Breath ahead of Important Events

Contrary to traditional wisdom, energy prices weakened in light of heightened geopolitical tensions in the Middle. Extending the selloff for a third consecutive day, the front-month WTI crude oil contract has dropped -0.44% ahead of US opening. Meanwhile, the Brent contract has slipped -0.2%.

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Energy Prices Weakened Further as Gulf Countries Cut Ties with Qatar