Morning Juice – US Session Prep

Morning, Traders!
It is Thursday the 20th of March, here are some things to look out for today.

Sentiment
US Treasuries extended gains amid risk-off sentiment following Wednesday’s Fed meeting. The dollar index rose about 0.3%, extending gains for a second day.
For weeks the US economic picture has been darkening. If Wednesday was an opportunity for Fed Chair Powell to raise the alarm, he took a hard pass.

ECB’s President Lagarde said the European Central Bank is unable to make firm commitments on interest rates due to elevated unpredictability over trade.

US Treasuries gain, sending the 10-Yr yield 5 BPS lower to 4.20%; yields on European bonds also head lower with German 10 year at 2.75%.

Trump said the Fed should cut interest rates, splitting with the US central bank as officials weigh the economic cost of his tariff push.

Docket
08:30 ET
US Weekly Jobless Claims
Initial Claims – Forecast: 224k | Prior: 220k | Range: 231k / 210k
Continued Jobless Claims – Forecast: 1.887M | Prior: 1.87M | Range: 1.92M / 1.86M

10:00 ET
US Existing Home Sales for February
Forecast: 3.95M | Prior: 4.08M | Range: 4.16M / 3.87M

11:30 ET
US sells $75 bln 4-Week Bills

13:00 ET
US sells $18 bln 10-Year TIPS

Speakers
09:00 ET
ECB’s Villeroy speaks at a conference at the CESE in Paris.

10:30 ET
ECB’s Holzmann speaks on unconventional monetary policy at OMFIF event at London School of Economics.

11:15 ET
ECB’s Villeroy speaks at conference marking 225 anniversary of the Bank of France.

12:50 ET
BoC’s Governor Macklem speaks in Calgary

14:10 ET
BoC’s Governor Macklem Press Conference

Good luck!