Good Morning Traders!
It is Wednesday 21st of June, here are some things to look out for.
Sentiment
The dollar rose against the majority of the G-10 currencies, while Treasuries fell slightly, as investors braced for hawkish remarks from Federal Reserve Chair Jerome Powell during his semiannual testimony before Congress later in the day. European government bonds fell alongside UK gilts, proving a cautionary tale for global central banks fighting inflation and markets betting they're nearing the end of their tightening cycles. China said US President Joe Biden had made a "public political provocation" by referring to his Chinese counterpart Xi Jinping as a dictator, as new tensions arose in bilateral ties just days after the two sides met to try to calm things down.
Docket
08:30 AM ET
Canadian Retail Sales MoM for April - Median Forecast 0.3% | Prior -1.4% | Range 0.5%/-1.4%
Canadian Core Retail Sales MoM - Median Forecast 0.3% | Prior -0.3% | Range 0.3%/0.1%
1:00 PM ET
US sells $12 bln of 20-Year Bonds
1:30 PM ET
BoC Monetary Policy Deliberations
Speakers
09:45 AM ET
ECB's Schnabel & Nagel Speaks - Speaking on a panel about inflation
10:00 AM ET
Fed's Powell Speaks - Delivering the Semi-Annual congressional testimony before the House Financial Services Committee
12:25 PM ET
Fed's Goolsbee Speaks - Speaking at the WSJ global food forum in Chicago. (Text: No, Q&A: Yes, with moderator)
4:00 PM ET
Fed's Mester & Bowman Speaks - Speaking at the Policy Summit 2023
Good Luck Today Traders!
