Good Morning, Traders!
It is Tuesday the 18th of April and here are some things to look out for today.
Sentiment
The Dollar Index fell this morning, underperforming G10 peers and snapping a two-day winning streak, while China's yuan rose amid positive data.
Treasuries rose, led by the short end, and US stock futures rose.
Consumers in the United States are increasingly turning to instant credit apps and installment loans to pay for everyday items such as groceries, highlighting the financial hardship caused by the worst inflation outbreak in four decades.
In the first quarter, China's economy grew at the fastest rate in a year, putting Beijing on track to meet its growth target for the year without adding significant stimulus, while also helping to cushion the global economy against a downturn.
Docket
8:30 AM ET
Canadian CPI YoY for March-
Median Forecast: 4.3% | Prior: 5.2% | Range: 4.5% / 4.1%
US Housing Starts Number for March
Median Forecast: 1.4M | Prior: 1.45M | Range: 1.534M / 1.325K
11:30 AM ET
US sells $34 bln 52-week bills
Speakers
11:00 AM ET
BoC's Macklem & Rogers appear before the House of Commons Standing Committee on Finance.
1:00 PM ET
Fed's Bowman discusses considerations for a central bank digital currency at an event at Georgetown University in Washington.
Both Text and Q&A are expected.
2:00 PM ET
BoE's Breeden speaks at the Chapter Zero's third-anniversary dinner.
Earnings
4:00 PM ET
Netflix Q1 23 Earnings
Est EPS $2.86 | Est Revenue: $8.18 bln
Good luck!