Good Morning, Traders!
It is Thursday the 14th of September. Here are some things to look out for.
Sentiment
The dollar decreased versus the majority of its G-10 currency rivals and is on course to end an on-week growth streak of eight straight increases. Treasuries saw a small decline. While the International Energy Agency increased its cautions about a supply shortage until the end of the year, oil surged towards a 10-month high. According to data from the US Census Bureau, household incomes decreased in a third of all states countrywide last year, while just five states witnessed an increase in median income. While investors grow more optimistic that the Federal Reserve can control inflation without causing a recession, US stocks are likely to continue this week's modest gains.
Docket
08:15 AM ET
ECB Deposit Rate - Median Forecast: 3.75% | Prior: 3.75% | Range: 4% / 3.75%
ECB Interest Rate - Median Forecast: 4.25% | Prior: 4.25% | Range: 4.5% / 4.25%
ECB Rate Statement
08:30 AM ET
US PPI for August
YoY - Median Forecast: 1.3% | Prior: 0.8% | Range: 1.8% / 0.6%
MoM - Median Forecast: 0.4% | Prior: 0.3% | Range: 0.7% / -0.1%
Core YoY - Median Forecast: 2.2% | Prior: 2.4% | Range: 3% / 0.6%
Core MoM - Median Forecast: 0.2% | Prior: 0.2% | Range: 0.3% / 0.2%
US Retais Sales MoM for
Median Forecast: 0.1% | Prior: 0.7% | Range: 0.6% / -0.3%
Weekly US Jobless Claims
Initial - Median Forecast: 225K | Prior: 216K | Range: 245K / 212K
Continued - Median Forecast: 1.693M | Prior: 1.679M | Range: 1.74M / 1.66M
08:45 AM ET
ECB Press Conference
11:30 AM ET
US Sells $80 Bln in 4-Week Bills at Auction
Speakers
08:15 AM ET
ECB's McCaul participates in the 2023 EUROFI financial forum in Santiago de Compostela
12:00 PM ET
ECB's Enria participates in the 2023 EUROFI financial forum in Santiago de Compostela
14:30 PM ET
ECB's de Cos participates in the 2023 EUROFI financial forum in Santiago de Compostela