Morning, Traders!
Happy Friday! It is the 8th of September, here are some things to look out for today.
Sentiment
This morning, the dollar fell after a number of Federal Reserve speakers said policy was already too restrictive. Nonetheless, the Dollar Index is on track for its longest winning streak since 2005, with eight weeks of gains.
Equity futures in the United States and Europe rose, while European natural gas prices rose as strike action in key Australian plants began.
According to Federal Reserve Bank of New York President Williams, US monetary policy is "in a good place," but officials must sort through data to determine how to proceed with interest rates.
In Europe, economists believe the ECB will raise interest rates one more time to combat inflation - they just aren't sure it will happen next week.
Docket
8:30 AM ET
Canadian Employment Data for August
Employment Change - Median Forecast: 17.5K | Prior: -6.4K | Range: 83K / -3.2K
Unemployment Rate - Median Forecast: 5.6% | Prior: 5.5% | Range: 5.7% / 5.4%
Speakers
Fed's Barr speaks about payments innovation at Philadelphia Fed's annual fintech conference.
Text: Yes.
Q&A: Yes, from a moderator and the audience.
Good luck!
