Morning Juice – US Session Prep

Good Morning, Traders!
It is Wednesday the 13th of November. Here is what to expect today.

Sentiment
Global markets fell Wednesday as investors awaited critical US inflation data, citing concerns that President-elect Trump’s proposed ‘America-First’ policies may rekindle price increases.

The Dollar index’s recent surge stalled near two-year highs, while Treasury yields were little changed after rising about 10 bps on Tuesday. Bitcoin also fell following the chart-busting rally that took the asset to almost $90,000.

Dollar strength also drove the Yen above 155 per Dollar for the first time since July, increasing the likelihood that Japan may act to stem the depreciation.

Docket
08:30 ET
US CPI for October
YoY – Median Forecast 2.6% | Prior 2.4% | Range 2.6% / 2.4%
MoM – Median Forecast 0.2% | Prior 0.2% | Range 0.3% / 0.1%
Core YoY – Median Forecast 3.3% | Prior 3.3% | Range 3.4% / 3.2%
Core MoM – Median Forecast 0.3% | Prior 0.3% | Range 0.4% / 0.2%

12:00 ET
EIA Short-Term Energy Outlook Report

Speakers
08:30 ET
Fed’s Kashkari Speaks on Bloomberg TV

09:30 ET
Fed’s Williams gives welcoming remarks to the Academy of Teachers.
No text is expected.

09:45 ET
Fed’s Logan gives opening remarks at an energy conference hosted by the Federal Reserve Banks of Dallas and Kansas City.
Text is expected, but no Q&A.

13:00 ET
Fed’s Musalem speaks on the US economy and monetary policy, followed by a moderated conversation and audience Q&A, at the Economic Club of Memphis.
Text and Q&A are expected.

13:30 ET
Fed’s Schmid gives keynote remarks at an energy conference hosted by the Federal Reserve Banks of Dallas and Kansas City.
Text is expected.

Good luck!