Morning, Traders!
It is Monday the 27th of November, here are some things to look out for today.
Sentiment
The dollar remained weak against most G10 currencies this morning as investors awaited more clues about when the Federal Reserve might start cutting interest rates in the United States. US Treasuries changed little.
Following years of inflation, US consumers are bearing a burden unprecedented in decades, even as the rate of price increases has slowed.
According to Adobe Analytics, Black Friday shoppers in the United States spent a record $9.8 billion online, providing a positive sign for retailers facing low holiday sales forecasts.
On Monday, the Biden administration will announce a redoubling of measures to strengthen supply chains, expanding an effort that it credits with easing post-pandemic inflation.
Docket
10:00 ET
US New Home Sales, Units for October
Median Forecast: 0.723M | Prior: 0.759M | Range: 0.759M / 0.68M
11:30 ET
US sells $54 bln 2-Year Notes
US sells $68 bln 6-Month Bills
13:00 ET
US sells $55 bln 5-Year Notes
US sells $75 bln 3-Month Bills
Good luck!
