Morning, Traders!
It is Tuesday the 26th of September, here are some things to look out for today.
Sentiment
The dollar advanced against the majority of its Group-of-10 counterparts this morning, extending its winning streak to a fifth day.
The Swiss franc fell for the 11th consecutive day, the longest losing streak since 1975, while the yen recovered earlier losses after Japan's finance minister stated that he is "watching market trends with a high sense of urgency."
The global bond selloff has paused, with German and US yields slightly falling.
Wall Street economists are becoming more optimistic about US economic growth, while acknowledging that it may necessitate higher interest rates for a longer period of time, in line with recent Federal Reserve projections.
Fed's Kashkari, President of the Federal Reserve Bank of Minneapolis, said the US central bank will need to raise interest rates one more time this year and keep policy tighter for longer if the economy performs better than expected.
Docket
9:00 AM ET
US Case-Shiller 20 YoY for July (US House Prices)
Median Forecast: -0.04% | Prior: -1.17% | Range: 0.3% / -1.8%
10:00 AM ET
US CB Consumer Confidence for September
Median Forecast: 105.5 | Prior: 106.1 | Range: 108 / 103
US New Home Sales (Units) for August
Median Forecast: 0.699M | Prior: 0.714M | Range: 0.732M / 0.67M
1:00 PM ET
US sells $48 bln 2-Year Notes
Speakers
12:30 PM ET
ECB's Holzmann speaks at an event in Vienna
1:30 PM ET
Fed's Bowman delivers welcoming remarks at a FedCommunities event on rental housing affordability.
Text: Yes.
Q&A: No.
Good luck!
