Morning, Traders!
It is Wednesday the 22nd of November, here are some things to look out for today.
Sentiment
This morning, the dollar index rose for the second day in a row, while the yen was the worst performer among G-10 currencies as markets prepared for a local holiday in both the United States and Japan on Thursday.
At their most recent meeting, Federal Reserve policymakers agreed to "proceed cautiously" with future interest-rate moves and to base any further tightening on progress towards their inflation target, according to the FOMC meeting minutes released yesterday.
Mortgage rates in the United States fell sharply, capping the biggest four-week drop in nearly a year and sparking a new round of home-buying applications.
Docket
08:30 ET
US Durable Goods October Prelim
Median Forecast: -3.2% | Prior: 4.6% | Range: -1.5% / -4.7%
US Weekly Initial Jobless Claims
Median Forecast: 227K | Prior: 231K | Range: 239K / 220K
10:00 ET
University of Michigan November Final
Sentiment - Median Forecast: 60.8 | Prior: 60.4 | Range: 62.5 / 59
1-Year Inflation Expectations - Median Forecast: 4.4% | Prior: 4.4% | Range: 4.4% / 4.2%
5-Year Inflation Expectations - Median Forecast: 3.1% | Prior: 3.2% | Range: 3.2% / 3.1%
10:30 ET
Weekly US EIA Crude Oil Inventories
Median Forecast: 1.75M | Prior: 3.6M | Range: 2.661M / -3M
11:30 ET
US sells $85 bln 4-Week Bills
Down from $95 bln previously
Speakers
09:10 ET
ECB's Elderson speaks at "Macroeconomic Zeitenwende: How to Achieve Monetary and Financial Stability in the Green Transition" organized by Bertelsmann Stiftung in Berlin, Germany
Register Here
11:00 ET
ECB's Nagel speaks in Milan.
11:30 ET
BoC Gov. Macklem speaks in Saint John on "The Cost of High Inflation"
Event Details Here
Good luck!
