Morning Juice – US Session Prep

Good Morning Traders.
It is Friday the 23rd of August. Here is what to look out for today.

Sentiment
Stocks rose in the run-up to Jerome Powell’s Jackson Hole speech, as traders sought clues on how quickly and far the Federal Reserve would cut rates.

Powell’s speech, scheduled for 10 a.m. New York time, has been the main focus for traders this week, and markets fell on Thursday on fears he would push back on the market’s aggressive easing bets.
At the same time, JPMorgan and Deutsche Bank strategists predict moderate bond movements during the conference, while options traders anticipate small stock swings in the coming days.

S&P 500 futures rose, and Europe’s main equities benchmark edged higher.
The 10-year Treasury yield held steady at 3.84% as the dollar fell.

Docket
08:30 ET
Canadian Retail Sale for
MoM – Median Forecast: -0.3% | Prior: -0.8% | Range: 0.3% / -1.2%
Core MoM – Median Forecast: -0.2% | Prior: -1.3% | Range: 0.4% / -1.4%

10:00 ET
US New Home Sales
Median Forecast: 0.623M | Prior: 0.617M | Range: 0.65M / 0.592m

Speakers
08:00 ET
Fed’s Bostic speaks on CNBC.

09:00 ET
Fed’s Bostic Speaks on Bloomberg TV
Watch Live

10:00 ET
Fed’s Powell will speak on the economic outlook at the 2024 Jackson Hole Economic Policy Symposium.
Text is expected.
Watch Live

11:00 ET
BoE’s Bailey speaks at the US Federal Reserve Bank of Kansas’s annual Jackson Hole Economic Policy Symposium in Wyoming.
Text is expected.

Fed’s Harker Speaks on Bloomberg TV
Watch Live

12:30 ET
Fed’s Goolsbee speaks on CNBC.

13:45 ET
Fed’s Goolsbee speaks on Fox News.

14:15 ET
Fed’s Goolsbee speaks on Bloomberg TV.
Watch Live

Good luck!