Good Morning Traders!
It is Thursday 15th of June, today we get the ECB interest rate decision as well as weekly jobs data for the US, here are some other things to look out for,
Sentiment
The European Central Bank is preparing to deliver what could be the final interest-rate hike in its historic campaign.
According to experts, the ECB will almost definitely raise all three of its main interest rates by 25 basis points.
The Federal Reserve has paused its series of interest-rate hikes, but borrowing prices are expected to rise faster than originally anticipated, owing to what Chair Jerome Powell has described as "surprisingly persistent inflation and labor-market resilience."
Former Vice President Richard Clarida said the Fed is now "data-dependent" before delivering what could be the final increase in US borrowing costs next month.
Investors expect the Fed to continue rising interest rates, with most not expecting rate decreases until well into 2024.
Bond dealers are increasing their bets that the Federal Reserve will push the American economy into recession.
Docket
8:15 AM ET
ECB Interest Rate - Median Forecast 25 bps hike to 4% | Prior 3.75%
Deposit Rate - Median Forecast 25 bps hike to 3.5%
ECB Rate Statement
Canadian House Starts, Annualized - Median Forecast 240K | Prior 261.1K | Range 250K/225K
8:30 AM ET
US Retail Sales MoM for May - Median Forecast -0.2% | Prior 0.4% | Range 0.5%/-1%
US Initial Jobless Claims - Median Forecast 245K | Prior 261K | Range 268K/230K
US Continued Jobless Claims - Median Forecast 1.768M | Prior 1.757M | Range 1.81M/1.7M
9:15 AM ET
US Industrial Production MoM for May - Median Forecast 0.1% | Prior 0.5% | Range 0.8%/-0.5%
Speakers
8:45 AM ET
ECB Press Conference
11:35 AM ET
BoE's Cunliffe Speaks - Partaking in London Tech Week on central banks and the future of payments
12:00 PM ET
ECB's Villeroy Speaks
Good Luck today Traders!
