Good Morning, Traders!
It is Tuesday the 7th of February, here are some things to look out for today:
This morning, a gauge of the dollar’s strength eased with Treasury yields as markets pared the repricing toward a more hawkish Federal Reserve before a speech by Chair Jerome Powell.
The Australian dollar rallied after the reserve bank raised its policy rate and signaled more is to come.
European stocks climbed and US equity futures swung from a loss.
President of the Federal Reserve Bank of Atlanta Bostic stated that the probability of the central bank raising interest rates to a higher peak than anticipated is increased by the hot jobs data from January.
President Biden was asked by speaker McCarthy to engage in discussions with republicans on a "responsible" debt limit increase that prevents any defaults on US commitments while addressing the country's longer-term budgetary issues.
8:30 AM ET
US International Trade for December
Median Forecast: -$68.5 bln| Prior: -$61.5 bln | Range: -$66.6 bln/-$70.7 bln
Canadian Trade Balance for December
Median Forecast: -$0.5 bln| Prior: -$0.04 bln | Range: $0.42 bln/-$1.5 bln
9:00 AM ET
BoE Results of FX Turnover Survey
12:00 PM ET
EIA Short-Term Energy Outlook Report
1:00 PM ET
US sells $40 bln in 3-Year Notes
3:00 PM ET
US Consumer Credit for December
Median Forecast $25 bln | Prior $27.962 bln | Range $32 bln/$13 bln
10:00 AM ET
BoE's Cunliffe Speaks about a UK design for a central bank digital currency at the offices of the lobby group UK finance on CBDC.
12:00 PM ET
Fed's Powell will be interviewed by David Rubenstein at the Economic Club of Washington.
Text is not expected.
ECB's Schnabel participates in a webinar.
12:30 PM ET
BoC's Gov. Macklem Speaks in Quebec.
2:00 PM ET
Fed's Barr Speaks discusses financial inclusion at an event in Jackson, Mississippi.
Both text and Q&A are expected.
Good luck today!