Morning Juice – US Session Prep

Good Morning Traders
It is Tuesday, the 16th of July. Here is what to expect today.

Sentiment
Treasuries rose, with the 10-year benchmark yield nearing its lowest level since March, as traders bet on the Federal Reserve starting an easing cycle in September.

Contracts for the S&P 500 remained steady as traders awaited US retail sales data later to see if inflation and growth have cooled enough to satisfy policymakers who are debating when it is safe to begin lowering interest rates.

Docket
08:15 ET
Canadian Housing Starts Annualised for June
Median Forecast: 254.1K | Prior: 264.5K | Range: 275K / 242K

08:30 ET
US Retail Sales MoM for June
Median Forecast: -0.3% | Prior: 0.1% | Range: 0.3% / -1.4%

Canadian CPI for June
YoY – Median Forecast: 2.7% | Prior: 2.9% | Range: 2.9% / 2.5%
MoM – Median Forecast: 0.1% | Prior: 0.6% | Range: 0.2% / -0.1%

10:00 ET
US Business Inventories for May
Median Forecast: 0.5% | Prior: 0.3% | Range: 0.5% / 0.3%

NAHB Housing Market Index for July
Median Forecast: 43 | Prior: 43 | Range: 45 / 40

Speakers
14:45 ET
Fed’s speaks at NABE conference in Washington on challenges facing economic measurement and creative solutions. Both text and Q&A are expected.

Good luck!