Good Morning Traders!
It is Friday 14th of July, here are some things to look out for.
Sentiment
The post-CPI market euphoria came to an end on Friday as Treasuries declined and the dollar stabilized, maintaining its largest weekly decline in eight months.
Taking a break following their greatest weekly advance since March, global equities were little changed. Commodities with dollar prices, including gold and oil, stumbled.
Governor of the Federal Reserve Christopher Waller stated that he anticipates the US central bank would need to increase interest rates twice more this year in order to reduce inflation to its target, however, additional positive pricing data may prevent the need for the second increase.
Docket
08:30 AM ET
US Import Prices MoM - Median Forecast -0.1% | Prior -0.6% | Range 0.2%/-0.6%
Canadian Manufacturing Sales MoM - Median Forecast 0.8% | Prior 0.3% | Range 0.8%/-0.4%
10:00 AM ET
University Michigan Sentiment Prelim - Median Forecast 65.5 | Prior 64.4 | Range 68/64
Good luck today traders!
