Good morning, Traders
It is Tuesday, the 9th of January, and here is what to look out for today.
Sentiment
This morning, the dollar edged up alongside 10-year Treasury yields, while US stock futures pointed to a lower open.
The yen gained ground after the Bank of Japan announced a reduction in monthly purchases of super-long government bonds.
Investors' attention is shifting to US consumer-price data due Thursday, which economists predict will show that inflationary pressures have persisted.
Docket
08:30 ET
US Trade Balance
Median Forecast: -$65 bln | Prior: -$64.3 bln | Range: -$63.3 bln / -$66 bln
Canadian Trade Balance
Median Forecast: $2.15 bln | Prior: $2.97 bln | Range: $3 bln / $0.13 bln
Canadian Building Permits
Median Forecast: -1.5% | Prior: 2.3% | Range: 1.5% / -2.3%
12:00 ET
EIA Short-Term Energy Outlook Report
13:00 ET
US sells $52 bln in 3-Year Notes
Speakers
12:00 ET
Fed's Barr speaks on bank regulation at a moderated discussion with Women in Housing and Finance. No text but a Q&A is expected.
12:30 ET
ECB's Villeroy speaks in Paris
Good luck!