Good morning, Traders
It is Wednesday, the 10th of January, and here is what to look out for today.
Sentiment
The dollar fell against most G-10 currencies this morning, tracking lower Treasury yields as investors awaited US inflation data. The dollar rose against the yen, which fell after a weak reading of Japanese wage growth, suggesting that the Bank of Japan's exit from its ultra-easy monetary policy would take longer than expected.
Investors are anticipating a speech by New York Federal Reserve President John Williams later in the day.
Docket
10:00 ET
US Wholesale inventories MoM
Median Forecast: -0.2% | Prior: -0.2% | Range: 0% / -0.4%
10:30 ET
Weekly EIA Crude Oil Inventories
Median Forecast: -0.15M | Prior: -5.503M | Range: -2.105M / -2.6M
13:00 ET
US Sells $37 Bln in 10-Year Notes
Speakers
09:15 ET
BoE's Governor Bailey and BoE's Breeden testify to the Treasury Committee in Parliament on the financial stability report released in December.
14:30 ET
ECB's de Cos speaks at a dinner panel with Spain's foreign minister and the head of the securities regulator.
15:15 ET
Fed's Williams gives a speech on the 2024 economic outlook at an event in White Plains, NY hosted by several organizations including the Bronx Economic Development Corporation. Both text and Q&A are expected.
Good luck!
