Another relatively quiet trading day has come and gone. The Dow took another run at the 20,000 round number and once again failed to get through but the FTSE continued to attract support above 7,000. Crude oil tumbled 1.8% today in the aftermath of a surprise 2.2 mmbbl increase in DOE oil inventories. The same thing happened in API inventories last week which was quickly unwound, so I suspect that this may be some kind of year-end adjustment. Still, the retreat weighed on oil sensitive currencies like CAD. The Loonie could be active again Thursday around the Canadian inflation and GDO reports. US GDP, durable goods and personal income could attract some attention but only if there’s a big surprise. The Yen has started to bounce back a bit relative to USD, EUR and GBP, bringing an end to the recent rally in the Nikkei. There is a ton of Japanese monthly economic data due next week so Japan could be one of the more active markets next week with traders looking for more signs of economic improvement and considering what the recent collapse of the Yen could mean for economic growth and monetary policy in 2017. Corporate News Bed, Bath and Beyond $0.85 vs street $0.98 Economic News Significant announcements released overnight include: US existing home sales 5.61M vs street 5.50M US DOE crude oil inventories 2.2 mmbbls vs street (2.5 mmbbls) US DOE gasoline inventories (1.3 mmbbls) vs street 1.3 mmbbls US DOE distillate inventories (2.4 mmbbls) vs street (1.6 mmbbls) Upcoming significant economic announcements include: (Note: 11:30 am in Sydney/Melbourne is currently 1:30 pm in Auckland, 4:30 pm in Vancouver, 7:30 pm in Toronto/Montréal, 12:30 am in London and 8:30 am in Singapore) 8:45 am AEDT NZ GDP street 3.6% 8:30 am GMT Sweden retail sales street 2.7% 9:00 am GMT Italy retail sales street (1.0%) 8:30 am EDT Canada consumer prices street 1.4% 8:30 am EDT Canada retail sales street 0.3% vs previous 0.6% 8:30 am EDT Canada retail ex auto street 0.7% vs previous 0.0% 8:30 am EDT US Q3 GDP update street 3.3% 8:30 am EDT US Q3 core PCE inflation street 1.7% 8:30 am EDT US durable goods orders street (4.9%) vs previous 4.6% 8:30 am EDT US durables ex transport street 0.2% vs previous 0.8% 8:30 am EDT US jobless claims street 257K 9:00 am EDT US FHFA house prices street 0.5% 10:00 am EDT US personal income street 0.3% vs previous 0.6% 10:00 am EDT US personal spending street 0.3% 10:00 am EDT US Nov core PCE inflation street 1.7% 10:30 am EDT US natural gas storage street (204 BCF) vs previous (147 BCF) 11:00 am EDT US Kansas City Fed street 4 vs previous 1 9:30 am GMT Friday UK GDP update street 2.3% 8:30 am EST Friday Canada Oct GDP street 1.8% 10:00 am EST Friday US new home sales street 575K 10:00 am EST Friday US consumer sentiment street 98.0