Good Morning, Traders!
It is Monday the 16th of October, here is what to look out for today.
The dollar dipped, while treasuries declined, as markets continued to closely monitor the conflict in Israel.
General elections in Poland and New Zealand led moves with the Polish Zloty clinching the biggest FX market gain, on news the pro-EU opposition party is on course to win back power.
The New Zealand dollar led Group-of-10 gains after the opposition National Party won the general election.
Fed officials look set to hold rates steady for the second time row next month - but they’re far from calling an end to their tightening campaign.
Treasury Secretary Janet Yellen said interest rates may persist while insisting the US economy is “in a good place”.
Yellen will be attending meetings of euro-area finance ministers in Luxembourg today at 8:00 AM ET.
A world economy struggling with record debt, expensive credit, and increasingly dysfunctional or inadequate institutions now faces new dangers from war in the Middle East.
Now that the higher-for-longer rate era has arrived, global finance officials are getting worried about the consequences.
The IMF’s top advisory board failed to reach a consensus.
Canadian Sales Data for August
Manufacturing - Median Forecast: 1% | Prior: 1.6% | Range: 2% / 0.9%
Wholesale - Median Forecast: 2.6% | Prior: 0.2% | Range: 3% / 0.6%
New York Fed Manufacturing for October
Median Forecast: -7 | Prior: 1.9 | Range: 6.5 / -13.7
BoC Business Outlook Survey
EIA Winter Fuel Outlook Webinar
US Sells $75 bln in 3-Months Bills at Auction
US Sells $68 bln in 6-Month Bills at Auction
Fed's Harker speaks on the economic outlook at the Mortgage Bankers Association's Annual Convention and Expo in Philadelphia.
Text: yes. Q&A: no.
Fed's Harker speaks about the economic outlook at a virtual event hosted by the National Association of Corporate Directors.
Text: Yes. Q&A: Yes.