Forex News: Preview for Wholesale Sales due at 10:00 AM

In the US, there is another quiet day with regard to economic releases, with only the Wholesale inventories due for release.   

Last month inventories showed a revised gain of 1.0%.  This was originally reported as a 0.8% gain. 

 However, total wholesale sales increased by 2.6%.  The increase in sales coupled with a smaller increase in inventories, decreased the supply of stockpiles to 1.09 months.  This is the lowest value on record and indicates that at least on the wholesale level, manufacturers are being successful in slowing production in order to keep inventories lean for the expected slowdown in sales.