Morning Juice – US Session Prep

Good Morning, Traders!
It is Wednesday the 20th of November. Here is what to look out for today.

Sentiment
US futures struggled to find direction as traders looked ahead to Nvidia’s results later today for new momentum.

Contracts on the S&P 500 and Nasdaq 100 were little changed after Wall Street benchmarks recovered from a bout of volatility caused by Russia’s escalation of its war against Ukraine.

The dollar outperformed all of its Group-of-10 peers, as Treasury yields recovered ahead of Federal Reserve policymakers’ speeches later today.

Sterling rose against most developed-market currencies after data showed that inflation increased in October.

Docket
10:30 ET
Weekly EIA Crude Oil Inventories
Median Forecast: -0.085M | Prior: 2.089M | Range: 2.375M / -3M

13:00 ET
The US Sells $16 Bln in 20-Year Bonds at Auction

Speakers
10:00 ET
Fed’s Barr testifies before the House Financial Services Committee

11:00 ET
BoE’s Ramsden speaks on monetary policy at the University of Leeds.
Fed’s Cook speaks on the economic outlook and monetary policy at the University of Virginia.
Text and Q&A are expected.

12:15 ET
Fed’s Bowman speaks on the approach to agency policymaking.
Text and Q&A are expected.

13:00 ET
ECB’s de Guindos delivers a dinner speech at the ECB conference on financial stability and macroprudential policy.

13:30 ET
ECB’s Stournaras gives a lecture in London: “The role of the ECB monetary policy in achieving a soft landing in the euro area.”

14:00 ET
ECB’s Makhlouf speaks a the Financial Services Ireland Annual Dinner.

16:00 ET
Fed’s Collins will provide remarks and participate in a conversation about monetary policy, the breadth of the Federal Reserve’s work, and her career path, at the University of Michigan’s Gerald R. Ford School of Public Policy.
text and Q&A are both expected.

Earnings
16:20 ET
NVIDIA Q3 2024 Earnings
Est. EPS: 74c
Est. EPS: $33.25B

Good luck!