Morning Juice – US Session Prep

Good Morning Traders.
It is Wednesday the 24th of January and here is what to look out for today.

Sentiment
This morning, US equities were poised to extend gains based on expectations for corporate earnings and China’s latest economic stimulus.

The dollar fell against all G-10 peers as strong corporate earnings and stock gains boosted risk-taking sentiment, reducing demand for safe-haven assets.
The yen rose alongside Japanese bond yields after traders interpreted Bank of Japan Governor Kazuo Ueda’s comments on Tuesday as hawkish.

Docket
09:45 ET
BoC Interest Rate Decision
The median forecast sees the rate staying unchanged at 5%.
BoC Rate Statement
BoC Monetary Policy Report

US S&P PMI January Prelim
Manufacturing – Median Forecast: 47.6 | Prior: 47.9 | Range: 48.5 / 44.6
Services – Median Forecast: 51.5 | Prior: 51.4 | Range: 52 / 50.5
Composite – Median Forecast: 51 | Prior: 50.9 | Range: 51.1 / 49.7

10:30 ET
Weekly EIA Crude Oil Inventories
Median Forecast: -1.4M | Prior: -2.492M | Range: 2.361M / -3M

BoC Press Conference with Governor Macklem

13:00 ET
US Sells 61 Bln in 5-Year Notes at Auction

Earnings
16:10 ET
IBM Q4 2023 Earnings
Tesla Q4 2023 Earnings

Good luck!