US
0700 ET Weekly MBA mortgage applications, previous up +2.5% to 372.6 with purchase sub-index up +6.5% to 261.5 and refi sub-index down -3.8% to 958.5.
0830 ET Jun housing starts expected -2.2% to 1.320 million, May +5.0% to 1.350 million. Jun building permits expected +2.2% to 1.330 million, May -4.6% to 1.301 million.
1000 ET Fed Chair Jerome Powell speaks on monetary policy and the state of the economy before the House Financial Services Committee.
1030 ET EIA weekly Petroleum Status Report.
1400 ET Fed Beige Book.
UK
0430 ET UK Jun CPI expected +02% m/m and +2.6% y/y, May +0.4% m/m and +2.4% y/y. Jun core CPI expected +2.1% y/y, May +2.1% y/y.
0430 ET UK Jun RPI expected +0.4% m/m and +3.5% y/y, May +0.4% m/m and +3.3% y/y. Jun RPI ex mortgage interest payments expected +3.6% y/y, May +3.4% y/y.
0430 ET UK May house price index expected +3.7% y/y, Apr +3.9% y/y.
EUR
0500 ET Revised Eurozone Jun CPI, previous +1.9% y/y, Revised Jun core CPI, previous +1.0% y/y.
0500 ET Eurozone May construction output, Apr +1.8% m/m and +1.0% y/y.
JPN
1950 ET Japan Jun trade balance expected +531.2 billion yen, May -580.5 billion yen. Jun exports expected +7.0% y/y, May +8.1% y/y. Jun imports expected +5.3% y/y, May +14.0% y/y.
Commodity Calendar – Wednesday 7/18/2018
Date Time Event Survey Prior
7/18/2018 10:30 DOE Total Fuel Ethanol Inventory 13-Jul — 22393k
7/18/2018 10:30 DOE Fuel Ethanol Total Production 13-Jul — 1033k
7/18/2018 10:30 DOE U.S. Crude Oil Inventories 13-Jul — -12633k
7/18/2018 10:30 DOE Cushing OK Crude Inventory 13-Jul — -2062k
7/18/2018 10:30 DOE U.S. Gasoline Inventories 13-Jul — -694k
7/18/2018 10:30 DOE U.S. Distillate Inventory 13-Jul — 4125k
7/18/2018 10:30 DOE U.S. Refinery Utilization 13-Jul — -0.40%
7/18/2018 10:30 DOE Crude Oil Implied Demand 13-Jul — 20136
7/18/2018 10:30 DOE Gasoline Implied Demand 13-Jul — 10460.6
7/18/2018 10:30 DOE Distillate Implied Demand 13-Jul — 4956.7