Good Morning, Traders!
It is Tuesday the 12th of September. Here are some things to look out for.
Sentiment
The dollar rose slightly this morning, helped by a drop in the euro and the pound, both of which fell after weak UK wage data. US Treasuries were little changed ahead of Wednesday's key inflation data.
The global economy is shifting towards higher-for-longer interest rates, making the upcoming flurry of monetary decisions across the developed world critical in determining where that plateau will be.
According to chief economists at some of North America's largest banks, the Federal Reserve has finished raising interest rates and will likely cut them by one percentage point next year.
Docket
08:15 AM ET
OPEC Monthly Report
12:00 PM ET
EIA Short-Term Energy Outlook Report
13:00 PM ET
US sells $35 bln 10-Year Notes
Speakers
SEC's Gensler Testifies on Bitcoin (Tentative)
10:00 AM ET
BoE's Mann releases a text of a speech to be delivered at the Canadian Association for Business Economics Conference on "Post-Pandemic Economics: What does the "New Normal" look like?" in Ontario.
Good luck!
