Morning Juice – US Session Prep

Morning, Traders!
It is Thursday the 17th of April, here are some things to look out for today.

Sentiment
The yen fell against every G10 peer after progress on US-Japan trade talks dented demand for the haven currency, while the euro slipped ahead of the ECB meeting and Treasuries edged lower.

The ECB is about to cut interest rates for the seventh time, and overnight volatility is elevated yet that reflects cycle highs in realized vol more than positioning for a surprise from the central bank.

China’s President Xi Jinping promoted the idea of an “Asian family” and called for regional unity during a tour of Southeast Asia, in an apparent effort to counter US pressure on countries to limit trade ties with China.

Docket

08:30 ET
US Weekly Jobless Claims
Initial Claims – Forecast: 225k | Prior: 223k | Range: 246k / 217k
Continued Claims – Forecast: 1.87M | Prior: 1.85M | Range: 1.9M / 1.426M

US Housing Starts for March
Forecast: 1.42M | Prior: 1.501M | Range: 1.504M / 1.263M

11:30 ET
US sell $85 bln 4-Week Bills

13:00 ET
US sells $25 bln 5-Year TIPS

16:00 ET
Netflix Earnings Q1 2025
EPS Est. $5.68 / Rev Est. $10.5 bln

Speakers
08:45 ET
ECB Press Conference with President Lagarde following the ECB Rate Decision

10:00 ET
IMF Managing rector Georgieva speaks

11:45 ET
Fed’s Barr speaks in a fireside chat at the New York Fed’s State-of-the-Field Conference on Cyber Risk to Financial Stability.
Text and Q&A are expected.

Good luck!