Morning Juice – US Session Prep (19th September)

Sentiment
The dollar rose a little, and US Treasury yields climbed after a better-than-expected reading of US jobless claims increased worries about the pace of further Fed rate cuts this year. Investors await comments by Fed’s Miran and Daly.

The BoJ took another step toward policy normalisation, declaring it would begin to unload its massive ETF holdings even while maintaining interest rates steady in a contested vote as two dissenters pushed for a hike.

UK government borrowing came in significantly higher than expected in August, delivering a blow to Chancellor Reeves ahead of a difficult budget in the autumn. The pound weakened off of the back of the data.

8:30 ET
Canadian Retail Sales MoM for July
Forecast: -0.8% | Prior: 1.5% | Range: 0.8% / -1.2%
Canadian Core Retail Sales MoM for July
Forecast: -0.6% | Prior: 1.9% | Range: 0.7% / -0.9%

Speakers
9:00 ET
Trump and President Xi phone call

11:00 ET
Fed’s Miran Speaks on CNBC

14:30 ET
Fed’s Daly Speaks

16:00 ET
Fed’s Miran Speaks on Fox Business

Good Luck!