Morning, Traders!
It is Wednesday the 21st of December, and we finally see some important data points this Christmas week.
Here are some of the things to look out for
Sentiment
The Federal Reserve's policymakers will become incrementally more dovish in 2023, as a new roster of senior officials brings a greater emphasis on maximum employment to its policy-setting committee.
The top official for financial markets and stability at the Treasury Department expressed little urgency about the Federal government's need to prepare for the potential launch of a digital US dollar.
Mortgage rates in the United States fell to a three-month low last week, despite a slight increase in home-purchase applications, highlighting a still-challenged housing market.
Docket
8:30 AM ET
Canadian CPI for November
YoY - Median Forecast: 6.7% | Range: 6.8% / 6.3% | Prior: 6.9%
MoM (Non-seasonally-adjusted) - Median Forecast: 0% | Range: 0.2% / -0.2% | Prior: 0.7%
US Current Account for the 3rd Quarter - Median Forecast: -$222 bln | Range -$201.9 bln / -$250 bln | Prior: -$251.1 bln
10:00 AM ET
US CB Consumer Confidence for December - Median Forecast: 101 | Range: 105 / 98 | Prior: 100.2
US Existing Home Sales for November - Median Forecast: 4.2 mln | Range 4.5 mln / 4.03 mln | Prior 4.43 mln
10:30 AM ET
US Weekly EIA Inventories
Crude Oil Inventories - Median Forecast: 2.5 mln | Range 4.682 mln / -6.5 mln | Prior 10.231 mln.
1:00 PM ET
US sells $12 bln of 20-Year Bonds
Good luck!
