Morning Juice – US Session Prep
Morning, Traders!
Happy Friday! It is the 19th of January, here are some things to look out for today.
Sentiment
US equities were poised for a second day of gains as optimism over tech earnings boosted investor sentiment, setting up the S&P 500 for a record close. A gauge of the dollar fell for the second day but remained on track for its third consecutive week of gains. Treasuries were little changed. The yen pared a loss to trade flat against the dollar after Japan’s finance minister said they are closely watching FX movements. The pound led G10 losses as UK retail sales slumped.
Docket
08:30 ET
Canadian Retail Sales MoM for November
Median Forecast: 0% | Prior: 0.7% | Range: 1.5% / -0.4%
10:00 ET
University of Michigan Sentiment January Prelim
Sentiment – Median Forecast: 70.1 | Prir: 69.7 | Range: 72.5 / 66
1-Year Inflation Expectations – Median Forecast: 3.1% | Prior: 3.1% | Range: 3.6% / 2.8%
5-Year Inflation Expectations – Median Forecast: 3% | Prior: 2.9% | Range: 3% / 2.9%
US Existing Home Sales
Median Forecast: 3.83M | Prior: 3.82M | Range: 3.95M / 3.71M
Speakers
11:15 ET
Fed’s Daly speaks on Fox Business.
13:00 ET
Fed’s Barr speaks about bank regulation at an event in Washington.
Text: No.
Q&A: Yes, from the moderator.
16:15 ET
Fed’s Daly participates in a fireside chat at the San Diego County Economic Roundtable.
Text: No.
Q&A: Yes.
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