Morning Juice – US Session Prep
Morning, Traders!
It is Thursday the 15th of February, here are some things to look out for today.
Sentiment
Treasuries rose this morning while the dollar underperformed against it’s G-10 peers.
The Yen leads FX gains, with the pound underperforming following UK growth data that confirms a mild recession.
US stock futures gained after a recovery pushed the S&P 500 back above the $5000 level, with investors bracing for the next round of economic data that could give clues on the future path of Fed policy rates.
Docket
08:15 ET
Canadian Housing Starts Annualized for January
Median Forecast: 235K , Prior: 249.3K , Range: 260K / 221.1K
08:30 ET
Weekly US Jobless Claims
Initial – Median Forecast: 220K , Prior: 218K , Range: 230K / 210K
Continued – Median Forecast: 1.88M , Prior: 1.871M , Range: 1.9M / 1.85M
New York Fed Manufacturing for February
Median Forecast: -13.8 , Prior: -43.7 , Range: 1.1 / -27
US Retail Sales for January
MoM – Median Forecast: -0.2% , Prior: 0.6% , Range: 0.3% / -1.2%
Core MoM – Median Forecast: 0.2% , Prior: 0.4% , Range: 0.7% / -0.4%
09:15 ET
US Industrial Production MoM for January
Median Forecast: 0.2% , Prior: 0.1% , Range: 0.9% / -0.4%
US Capacity Utilization for January
Median Forecast: 78.8% , Prior: 78.6% , Range: 79.2% / 78.3%
10:00 ET
US Business Inventories MoM for December
Median Forecast: 0.4% , Prior: -0.1% , Range: 0.6% / 0.3%
NAHB Housing Market Index
Median Forecast: 46 , Prior: 44 , Range: 48 / 43
11:30 ET
The US Sells $95 Bln in 4-Week Bills at Auction
Speakers
08:50 ET
BoE’s Mann speaks as a panellist at the 40th Annual National Association for Business Economics (NABE) Economic Policy Conference in Washington on “Labor, investment and technology: assess the drivers of productivity growth”.
13:00 ET
ECB’s Nagel gives a speech on Stability and prosperity in Europe at Munich Europe Conference.
13:15 ET
Fed’s Waller gives remarks on the dollar’s international role at the Global Interdependence Center and University of the Bahamas Conference in Nassau, Bahamas. Both text and Q&A are expected.
13:40 ET
RBNZ’s Orr will speak about “the changing drivers of inflation over the past couple of years and the shift from transitory to more stubborn underlying inflation” at NZ Economics Forum.
