Morning Juice – US Session Prep

Good Morning Traders.
It is Friday the 22nd of March and here is what to look out for today.

Sentiment
The US dollar rallied against all Group-of-10 currencies save the yen, with attention focused on China’s easing of its control on the yuan, which triggered a decline in the currency and drove down other markets. Friday’s dollar rally extended a weekly gain. US Treasuries climbed on a quieter day for macroeconomic data. US equities are expected to end the week on a positive note after reaching a new all-time high amid ongoing confidence about economic strength and anticipation that monetary easing may begin this year.

Docket
08:30 ET
Canadian Retail Sales MoM for January
Median Forecast: -0.4% | Prior: 0.9% | Range: -0.1%/-0.6%
Canadian Core Retail Sales MoM for January
Median Forecast: -0.4% | Prior: 0.6% | Range: 0.7%/-1%

Speakers
09:00 ET
Fed’s Powell hosts a Fed Listens event in Washington on transitioning to the post-pandemic economy. Opening remarks from Chair Jerome Powell. Vice Chair Philip Jefferson and Governor Michelle Bowman will each moderate conversations with leaders from various organizations.

ECB’s Nagel gives a welcome speech at ‘The Future of Digitalization and Finance’ event in Frankfurt.

12:15 ET
Fed’s Barr participates in a virtual event on International Economic and Monetary Design. No text is expected but there will be a Q&A.

13:00 ET
ECB’s Lane gives a lecture on inflation in Marseilles, France.

13:30 ET
ECB’s Centeno speaks about challenges and opportunities for the Portuguese economy at a conference held at the ISCTE university.

16:00 ET
Fed’s Bostic participates in moderated conversation about household finance at the 2024 Household Finance Conference in Atlanta. No text is expected but there will be a Q&A.