Morning Juice – US Session Prep

Good Morning Traders.
Today is Wednesday, the 22nd of June. Here is what to look out for today.

Sentiment
Global markets fell on Tuesday ahead of Nvidia results and evidence of sticky inflation, which reduced expectations for early interest rate reduction.

All eyes are now on Nvidia, the artificial intelligence bellwether, which fell 0.6% in weak premarket New York trade. Wall Street expects it to announce a 243% increase in sales, but the 90% year-to-date share surge sets a high bar for future gains. Shares have reached a new record high this week, marking the end of a strong US earnings season.

Docket
10:00 ET
US Existing Home Sales
Median Forecast: 4.22M | Prior: 4.19M | Range: 4.3M / 4.08M

10:30 ET
Weekly EIA Crude Oil Inventories
Median Forecast: -2M | Prior: -2.508M | Range: 1M / -3.084M

13:00 ET
The US Sells $16 Bln in 20-Year Bonds at Auction

14:00 ET
FOMC Meeting Minutes

Speakers
08:45 ET
BoE’s Breeden speaks as a panellist at the European Commission technical workshop on macroprudential policies for non-bank financial intermediation, Bruxelles, Belgium.
Watch Here

09:40 ET
Fed’s Goolsbee gives opening remarks at the Chicago Fed Holding Company Symposium.
Registration Closed
Event Details Here

14:00 ET – 20:00 ET
RBNZ Governor Orr speaks following the RBNZ Rate Decision on:
14:00 ET – Radio NZ Morning Report
14:30 ET – TVNZ Breakfast
15:30 ET – Newstalk ZB
16:10 ET – New Zealand Parliament
19:00 ET – CNBC TV International
19:45 ET – Bloomberg TV Daybreak Asia