Good Morning, Traders!
It is Wednesday the 25th of April. The day of the US Durable Goods number and the BoC Meeting Minutes.
Here is everything to be mindful of today.
Sentiment
A measure of the strength of the US dollar fell, wiping out most of Tuesday's gains, as stocks rallied ahead of US data due later this week.
The Australian dolar fell after inflation data came in lower than expected. Following Tuesday's rally, US Treasuries traded in a narrow range.
The US economy's first-quarter report card, as well as separate assessments of labour costs, spending, and inflation, are expected to keep the Federal Reserve leaning towards another rate hike next week.
Docket
8:30 AM ET
US Durable Goods - Median Forecast 0.7% | Prior -1% | Range 2%/-0.2%
US Core Durable Goods - Median Forecast -0.2% | Prior -0.1% | Range 0.2%/-0.8%
10:30 AM ET
Weekly EIA Data
EIA Crude Oil Inventories - Median Forecast -4.581M | Prior -4.581M | Range 2.5M / -3.803M
1:00 PM ET
US sells 43 bln 5-Year Notes
1:30 PM ET
BoC Meeting Minutes
Good luck!
