Good Morning Traders!
It is Wednesday 15th of February, and today we get the first US Retail Sales report for 2023.
Here are some things to look out for today.
Sentiment
In comparison to its G-10 peers, the dollar increased this morning.
After increasing by 10 basis points on Tuesday, the rate-sensitive two-year treasury yield maintained close to its highest level since November.
The benchmark 10-year Treasury yield remained constant at 3.75%.
Fed members emphasized the need for additional interest rate rises to help contain inflation, but they disagreed over when they will cease doing so in light of recent data that indicated persistent price pressures.
US mortgage rates increased last week by the most in four months, reinforcing a slowing down in house demand.
The objective of Republican House Speaker Kevin McCarty to put the United States "on a path to a balanced budget" within 10 years clashes sharply with both political and fiscal realities.
Docket
8:15 AM ET
Candian Housing Starts, Annualized for January
Median Forecast: 254K | Prior: 248.6K | Range: 265K / 230.6K
8:30 AM ET
US Retail Sales MoM for January
Median Forecast: 2% | Prior: -1.1% | Range: 3% / 0.5%
NY Fed Manufacturing for February
Median Forecast: -18 | Prior: -32.9 | Range: -9 / -26.4
9:15 AM ET
US Industrial Production MoM for January
Median Forecast: 0.5% | Prior: -0.7% | Range: 1.4% / -0.5%
10:30 AM ET
Weekly EIA Inventories Data
Crude Oil Inventories - Median Forecast: 2M | Prior: 2.423M | Range: 2.6M / 3M
1:00 PM ET
US sells $15 bln in 20-Year Bonds
Speakers
9:00 AM ET
ECB's Lagarde participates in a plenary debate on the ECB annual report 2021 in Strasbourg.
Good luck!
