Morning, Traders!
It is Thursday the 21st of September, here are some things to look out for today.
Sentiment
A day after the Federal Reserve's decision, Treasuries saw a modest decline, while the dollar rose against the majority of its key competitors.
The Swiss franc fell as a result of the central bank's surprise suspension of its monetary tightening cycle, and the Swedish krona rose as a result of the Riksbank's announcement that it will sell some of its foreign exchange holdings.
Although Federal Reserve Chair Powell made it plain that the bank is almost done raising interest rates, it was his colleagues who made the most impact: With the economy's regained strength, borrowing prices must remain higher for a longer period of time.
This morning, the Bank of England decided to keep rates unchanged at 5.25%, against expectations of another 25bps hike from the UK Central Bank, but are keeping the door open for more potential hikes in the future.
Docket
8:30 AM ET
US Weekly Jobless Claims
Initial Claims - Median Forecast: 225K | Prior: 220K | Range: 240K / 210K
Continued Claims - Median Forecast: 1.692M | Prior: 1.688M | Range: 1.7M / 1.632M
10:00 AM ET
US Existing Home Sales for August
Median Forecast: 4.1M | Prior: 4.07M | Range: 4.25M / 4M
Eurozone Consumer Confidence September Flash
Median Forecast: -16.5 | Prior: -16 | Range: -13.5 / -18
11:30 AM ET
US sells $80 bln 4-Week Bills
1:00 PM ET
US sells $15 bln 10-Year TIPS
Speakers
10:00 AM ET
ECB's President Lagarde gives a lecture at Rencontres méditerranéennes in Marseille, France.
Good luck!