Morning Juice – US Session Prep
Morning, Traders!
It is Tuesday the 12th of March, the day of the much-anticipated US inflation report.
Here is what to look out for today.
Sentiment
US stock futures and Treasuries gained this morning, and the dollar is little changed ahead of the US inflation report, which will be key in helping markets determine when the Federal Reserve moves to monetary easing.
The Yen fell as BoJ’s Governor Ueda stated that Japan’s consumption of non-durable goods is weak.
Docket
08:30 ET
US CPI for February
YoY – Median Forecast: 3.1% | Prior: 3.1% | Range: 3.2% / 2.9%
MoM – Median Forecast: 0.4% | Prior: 0.3% | Range: 0.5% / 0.3%
Core YoY – Median Forecast: 3.7% | Prior: 3.9% | Range: 3.8% / 3.5%
Core MoM – Median Forecast: 0.3% | Prior: 0.4% | Range: 0.4% / 0.2%
12:00 ET
EIA Short Term Energy Outlook Report
13:00 ET
US sells $39 bln 10-Year Notes
Good luck!
