Morning Juice – US Session Prep

Morning, Traders!
It is Wednesday the 10th of April, the day of the highly anticipated US inflation report.
For a designated CPI prep article, click here
Here are some things to look out for today.

Sentiment
The dollar and US index futures traded in a tight range as the market awaited key US inflation data, which is expected to provide new clues about the Federal Reserve’s interest-rate outlook.
The New Zealand dollar climbed after the Reserve Bank maintained its restrictive policy.

Docket
08:30 ET
US CPI for March
YoY – Median Forecast: 3.4% | Prior: 3.2% | Range: 3.5% / 3.1%
MoM – Median Forecast: 0.3% | Prior: 0.4% | Range: 0.5% / 0.2%
Core YoY – Median Forecast: 3.7% | Prior: 3.8% | Range: 3.8% / 3.5%
Core MoM – Median Forecast: 0.3% | Prior: 0.4% | Range: 0.4% / 0.2%

09:45 ET
BoC Interest Rate Decision
Median Forecast is for no change at 5%

BoC Rate Statement

10:30 ET
Weekly EIA Crude Oil Inventories
Median Forecast: 1.015M | Prior: 3.21M | Range: 3.5M / -3M

13:00 ET
US Sells $39 Bln 10-Year Notes

14:00 ET
FOMC Meeting Minutes

Speakers
08:45 ET
Fed’s Bowman discusses Basel capital requirements at the European Bank Executive Forum
No text expected, but there will be a Q&A.

12:45 ET
Fed’s Goolsbee participates virtually in panel before the Social Finance Institute conference.
There is no livestream expected, but there will be a video recording available after the event.
There is no text expected.

Good luck, Traders!

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