Morning Juice – US Session Prep (30th January)

Sentiment
The dollar rose, and Treasuries fell after reports said Trump was preparing to nominate Kevin Warsh as the next Federal Reserve chair, a choice traders view as relatively more hawkish than other candidates. Trump later confirmed the decision in a post on Truth Social.

Equity funds recorded outflows for a second consecutive week, led once again by China, while bonds, cash and gold saw inflows, according to Bank of America.

Docket
8:30 ET
US PPI for December 
YoY – Forecast: 2.8% | Prior: 3% | Range: 3% / 2.4%
MoM – Forecast: 0.2% | Prior: 0.2% | Range: 0.5% / -0.1%
Core YoY – Forecast: 2.9% | Prior: 3% | Range: 3% / 2%
Core MoM – Forecast: 0.2% | Prior: 0% | Range: 0.4% / 0%

Canadian GDP MoM for November
Forecast: 0.1% | Prior: -0.3% | Range: 0.2% / 0%

Speakers
11:00 ET
Trump signs executive orders

13:00 ET
ECB’s Buch Speaks

13:30 ET
Fed’s Musalem speaks about the economy and monetary policy at the University of Arkansas Business Forecast Luncheon

14:00 ET
Trump participates in a Policy Meeting

17:00 ET
Fed’s Bowman speaks about monetary policy, supervision and regulation at an event hosted by the Southwestern Graduate School of Banking in Hawaii

Good Luck!