As Thursdays Go

It's just another down day for the Comex metals as a perfect storm for HFT algo selling persists and worsens.

The Comex metals are being impacted by a double whammy today. First, the ECB did issue another rate hike but they seemed to strongly signal that it would be the last. So, instead of rallying on the rate hike news, the euro has sold off and is now below 1.07 to the US$.

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Key Economic Events Week of 9/25

9/26 8:30 ET New Home Sales
9/26 9:00 ET Case-Shiller home prices
9/26 10:00 ET Consumer Confidence
9/26 1:30 ET Goon Bowman
9/27 8:30 ET Durable Goods
9/28 8:30 ET Q2 GDP final guess
9/28 1:00 ET Goon Cook
9/28 4:00 ET Chief Goon Powell
9/29 8:30 ET PCE and Core PCE
9/29 8:30 ET Personal Inc and Spend
9/29 10:00 ET UMich sentiment

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