Morning Juice – US Session Prep

Morning, Traders!
Hope you had a good weekend
It is Monday the 18th of November, here are some things to look out for today.

Sentiment
US stock futures moved higher as investors awaited new information on growth and interest rate policy.
Gold gained, and Bitcoin surpassed the $90,000 milestone.

S&P 500 and Nasdaq contracts rose slightly before the open, Tesla shares soared in premarket trade on anticipation that Trump’s administration could relax self-driving car regulations.
Gold surged more than 1% after Goldman Sachs analysts projected the precious metal would set a new record by the end of next year.
Bitcoin recovered from its largest two-day drop since the US election.

This week’s focus is on Trump’s selection for Treasury secretary, as well as Nvidia earnings on Wednesday, which will put the sustainability of AI-led stock gains to the test.
While the S&P 500 has given up more than half of its surge since Trump’s presidential victory, analysts predict gains will resume in the long run.

Docket
08:15 ET
Canadian Housing Starts for October
Median Forecast: 240K | Prior: 223.8K | Range: 250K / 226K

10:00 ET
US NAHB Housing Market Index for November
Median Forecast: 42 | Prior: 42 | Range: 45 / 40

11:30 ET
US sells $81 bln 3-Month Bills
US sells $72 bln 6-Month Bills

Speakers
10:00 ET
Fed’s Goolsbee gives welcoming remarks at the Financial Markets Group Fall Conference.
No text is expected.

13:30 ET
ECB’s President Lagarde speaks on “The Economic and Human Challenges of a Changing Era” at “Les Essentiels des Bernardins” in Paris.
Event Details Here

ECB Governing Council member Vujcic and BoE’s Greene speak at “The future of inflation” event hosted by the European Institute and OMFIF.

Good luck!