WEdnesday ECO-data

Do we have to get behind the news here is the line up last night the global news helped oil get up around 70 and initially the good news got us up past 71.37 we as you know were stopped out at 70.5 as we were caught a little off guard that the good news which we predicted would be perceived
as a threat to the QE. Way premature imho the strong greenback kept us and hopefully you as well careful -all my postings today were several minutes ahead of price entries all should have had no problem taking profits if you just did as i did in Oil
Rimm saves an otherwise sad day for the portfolio as my longterm hold lost quite a bit of value
citibank and Ford amongst them

:30 AUD GDP Q/Q Q2 0.60% 0.40% 01:30 AUD GDP Y/Y Q2 0.70% 0.40% 08:30 GBP PMI Construction Aug 48 47 09:00 EUR Eurozone GDP Q/Q Q2 P -0.10% -0.10% 09:00 EUR Eurozone GDP Y/Y Q2 P -4.70% -4.60% 09:00 EUR Eurozone PPI M/M Jul -0.80% 0.30% 09:00 EUR Eurozone PPI Y/Y Jul -8.50% -6.60% 11:30 USD Challenger Job Cuts Y/Y Aug -- -5.70% 12:15 USD ADP Employment Change Aug -250K -371K 12:30 USD Non-Farm Productivity Q2 F 6.20% 6.40% 12:30 USD Unit Labor Costs Q2 F -5.50% -5.80% 14:00 USD Factory Orders Jul 1.80% 0.40% 14:30 USD Crude Oil Inventories -0.5M 0.2M 18:00 USD FOMC Meeting Minutes -- --

For us the EIa last week the EIa was a relative non-event but it did help us frame a trading range looking for a draw of .5 but the draw would have to match the API in order to be considered bullish with a strong dollar and weak market the EIa would have to be that much more bullish to create a run -if they were bullish Oil could turn the dollar and the market itself