Morning, Traders!
It is Wednesday the 25th of January, here are some things to look out for ahead of today's session
Sentiment
The dollar index was flat this morning, while Treasuries rose alongside Gilts after a UK gauge of factory price inflation eased.
After Australia's inflation accelerated to the fastest rate in 32 years, the Australian dollar jumped to a five-month high, and bonds reversed early gains.
European equity markets fell for the second day in a row, while US equity futures fell.
The Bank of Canada led its peers in a series of exorbitant interest-rate hikes last year and may now be the first to stop, though doing so will present a communications challenge for Governor Macklem.
For a dedicated prep article ahead of the Bank of Canada Interest Rate today, CLICK HERE
For a MacroAce video live stream ahead of this event, CLICK HERE
According to people familiar with the discussions, Federal Reserve Vice Chair Lael Brainard is the frontrunner to lead the White House's National Economic Council.
Docket
10:00 AM ET
BoC Rate Decision - Median Forecast 25bps Hike to 4.5% | Prior 4.25%
Monetary policy Report
Rate Statement
10:30 AM ET
EIA Crude Oil Inventories - Median Forecast 1.5M | Prior 8.408M | Range 4.628M/-4M
1:00 PM ET
US sells 43 bln 5-Year Notes
Speakers
11:00 AM ET
BoC's Gov. Macklem Press Conference
Earnings
4:00 PM ET
IBM Q4 2022 Earnings
Estimated EPS: $3.58
Estimated Revenue: $16.378 Bln
Good luck!
