Morning Juice – US Session Prep

Good Morning Traders.
It is Wednesday the 14th of February and here is what to look out for today.

Sentiment
The Dollar is little changed, with the pound sliding and the Yen recovering after a move past 150 prompted a pushback from Japanese officials. Stock futures are also higher, trimming some of the prior day’s sharp declines. Treasuries are bullish, paring some of Tuesday’s bearish move after lower-than-expected UK January inflation numbers spur bets on more central bank interest-rate cuts. US stocks were poised to recover from their Tuesday selloff as market focus shifted from concerns about sticky inflation and the timing of interest-rate cuts to the positive economic and earnings outlook.

Docket
10:30 ET
Weekly EIA Crude Oil Inventories
Median Forecast: 3.7M , Prior: 5.52M , Range: 4.692M / 2M

Speakers
09:00 ET
ECB’s Cipollone gives introductory statement at hearing on the digital euro before the Committee on Economic and Monetary Affairs (ECON) of the European Parliament in Brussels, Belgium.

09:30 ET
Fed’s Goolsbee participates in Q&A event at the Council on Foreign Relations in New York. Q&A is expected.

10:00 ET
BoE’s Governor Bailey testifies to the House of Lords Economic Affairs Committee.

12:00 ET
ECB’s Nagel joins a panel discussion on How will financing work in the future?’.

16:00 ET
Fed’s Barr gives remarks on monetary policy and bank regulation at the National Association for Business Economics conference in Washington. Both text and Q&A are expected.