Morning Juice – US Session Prep
Morning, Traders!
It is Thursday the 27th of March, here are some things to look out for today.
Sentiment
The dollar slipped as investors weighed the possibility that US President Donald Trump’s latest tariffs could limit the country’s growth potential. Treasuries slipped.
USD/JPY rose 0.3% to 150.97, outperforming as the Trump’s latest announcement to slap a 25% tax on Japanese auto imports hit home the prospect that the Japanese economy will suffer from tariffs, keeping the Bank of Japan cautious on raising interest rates
Docket
08:30 ET
US GDP Q4 Final
GDP QoQ – Forecast: 2.3% | Prior: 2.3% | Range: 2.6% / 1.3%
Price Index – Forecast: 2.4% | Prior: 2.4% | Range: 2.5% . 2.4%
Core PCE – Forecast: 2.7% | Prior: 2.7% | Range: 2.8% / 2.6%
US Weekly Initial & Weekly Jobless Claims
Initial Claims – Forecast: 225k | Prior: 223k | Range: 240k / 215k
Continued Claims – Forecast: 1.885M | Prior: 1.892M | Range: 1.91M / 1.866M
11:30 ET
US sells $75 bln 4-Week Bills
Speakers
09:00 ET
ECB’s de Guindos speaks in a conversation with IIF Managing Director and Chief Economist Marcello Estevão at the 2025 IIF European Summit – Europe at a Crossroads: a Time to Act for Competitiveness and Growth
12:15 ET
ECB’s Wunsch speaks in Brussels (same event as above)
12:45 ET
ECB’s Escriva speaks in Brussels (same event)
14:40 ET
ECB’s Schnabel delivers the “Mais Lecture 2025: Financial literacy and monetary policy transmission” in London.
16:30 ET
Fed’ Barkin gives a lecture at Washington and Lee University, followed by an audience Q&A.
Text and Q&A are expected.
Fed’s Collins speaks in a fireside chat on the economic outlook and monetary policy in Boston. No text is expected, but there will be a Q&A
Good luck!
