Morning Juice – US Session Prep
Morning, Traders!
It is Monday the 25th of March, here are some things to look out for today.
Sentiment
The dollar index fell, while Treasury yields rose slightly. The Yen rose as Japan’s top foreign exchange official warned that “necessary action” will be taken to prevent excessive currency volatility. The Yuan surged, causing risk-sensitive currencies to rise, as China’s central bank indicated support for the currency. US shares were set to take a breather following their greatest week of the year, with investors questioning if the surge was merited.
Docket
10:00 ET
US New Home Sales for February
Median Forecast: 0.675M , Prior: 0.661M , Range: 0.7M / 0.64M
11:30 ET
US sells $73 bln 3-Month Bills
US sells $70 bln 6-Month Bills
13:00 ET
US sells $66 bln 2-Year Notes
Speakers
08:25 ET
Fed’s Bostic speaks in a moderated conversation on equitable economic development at the University of Cincinnati Real Estate Centre’s March Roundtable.
No text is expected, but there will be a Q&A.
Registration to the webcast is closed.
09:05 ET
Fed’s Goolsbee is interviewed by Yahoo Finance.
Video will be available here
10:15 ET
BoE’s Mann speaks at the Royal Economic Society Annual Conference in Belfast on ‘Industry Policy: Boon or Bane of Productivity Growth’
10:30 ET
Fed’s Cook Speaks on the Dual Mandate and the Balance of Risks at a lecture for students at Harvard University.
Text and Q&A are both expected.
Good luck!