Morning Juice – US Session Prep

Good Morning Traders.
It is Friday the 13th of September. Here is what to look out for today.

Sentiment
Treasuries rose and the dollar fell as fresh US data kept investors guessing about the size of the Federal Reserve’s expected rate cut next week.

The policy-sensitive two-year Treasury yield fell five basis points, and the dollar fell 0.3% for the third consecutive day. US futures pointed to modest gains following this week’s rally that lifted the Nasdaq 100 by more than 5% and the S&P 500 by 3.5%.

Investors are still divided on the magnitude of the Fed’s anticipated shift to policy easing beginning at next week’s meeting. The debate has continued after data released Thursday showed that the US producer price index increased slightly in August after the previous month’s figures were revised lower. Meanwhile, an increase in unemployment claims fuelled concerns about a weakening labour market.

Docket
08:30 ET
US Import Prices MoM – Median Forecast:-0.2% | Prior: 0.1% | Range: 0.1% / -0.5%
US Export Prices MoM – Median Forecast: -0.2% | Prior: 0.7% | Range: 0.2% / -0.4%

Canadian Wholesale Sales MoM – Median Forecast: 78.8% | Prior: 78.5% | Range: 79.6% / 78.5%

10:00 ET
University of Michigan
Sentiment – Median Forecast: 68.5 | Prior: 67.9 | Range: 70.6 / 66.5
1-Year Inflation – Median Forecast: 2.8% | Prior: 2.8% | Range: 2.8% / 2.7%
5-Year Inflation – Median Forecast: 3% | Prior: 3% | Range: 3% / 2.9%

Good luck, and have a good weekend!