Good Morning Traders.
It is Friday the 13th of October, and here is what to look out for.
Sentiment
The dollar initially declined today, in line with the decrease in US Treasury yields, before flattening.
Investors opted for US bonds as a safe-haven strategy, apprehensive about potential escalations in tensions between Israel and Hamas in the near future.
Investors are anticipating a speech from Federal Reserve Bank of Philadelphia President Patrick Harker for further insights into the US inflation and interest rate prospects.
Docket
10:00 ET
University of Michigan Data Prelim for October
Sentiment - Median Forecast: 67 | Prior: 68.1 | Range: 70.2 / 63
1-Year Inflation - Median Forecast: 3.2% | Prior: 3.2% | Range: 3.4% / 3%
5-Year Inflation - Median Forecast: 2.8% | Prior: 2.8% | Range: 2.9% / 2.8%
Speakers
09:00 ET
ECB's Lagarde participates in an IMF Seminar: Debate on the Global Economy.
Fed's Harker speaks on the 2023 economic outlook in a virtual event with the Delaware State Chamber of Commerce. Both text and Q&A are expected.
12:30 ET
BoE's Cunliffe In-conversation at the 2023 Institute of International Finance Annual Membership Meeting.
Good luck!
