Morning Juice – US Session Prep

Morning, Traders!
It is Tuesday the 26th of November, here are some things to look out for today.

Sentiment
Traders tempered a relief rally that had buoyed Treasuries and global markets earlier this week, as Trump threatened additional tariffs and heightened fears about his “America First” agenda.

Treasuries and US stock futures traded little changed after recovering from previous losses.
The Dollar, which is regarded as a beneficiary of isolationist policies, soared.

Trump promised to levy an additional 10% tax on Chinese imports and a 25% tariff on all items from Mexico and Canada.
He stated that the restrictions are required to stop migrants and illegal substances from crossing the US border.
The Canadian Dollar plunged to a four-year low following the news, while the Mexican Peso traded near its lowest level since 2022.

Docket
09:00 ET
US Case-Shiller 20 YoY for September
Median Forecast: 4.7% | Prior: 5.2% | Range: 5.2% / 4.4%

10:00 ET
US CB Consumer Confidence for November
Median Forecast: 112 | Prior: 108.7 | Range: 117.2 / 107.5

US New Home Sales for October
Median Forecast: 0.725M | Prior: 0.738M | Range: 0.75M / 0.688M

11:30 ET
US sells $48 bln 52-Week Bills

13:00 ET
US sells $70 bln 5-Year Notes

14:00 ET
FOMC Meeting Minutes

Speakers
08:30 ET
ECB’s Kazaks gives a speech on the economy at the University of Latvia in Riga.

10:00 ET
ECB’s Centeno speaks at a Bank of Portugal press conference about the Portuguese central bank’s financial stability report. Bank of Portugal.
BoE Chief Economist Pill speaks on economic inactivity at a hearing for the House of Lords Economic Affairs Committee.

Good luck!