Morning Juice - US Session Prep

19 Sep 2023 11:52US Bonds US Indexes USD

Good Morning, Traders!
It is Tuesday the 19th of September, and here are some things to look out for today.

Sentiment
Oil rose to a 10-month high this morning, escalating inflation fears in a week filled with major central bank meetings. Treasuries fell, while the dollar held steady ahead of the Federal Reserve's policy decision on Wednesday.

The Federal Reserve is up against an old foe as it attempts to steer the economy into a rarely-seen soft landing: rising oil prices.

The global economy is set to slow as interest rate hikes weigh on activity and China's pandemic recovery disappoints.

 

Docket
08:30 AM ET
Canadian CPI for August
YoY - Median Forecast: 3.8% | Prior 3.3% | Range: 4% / 3.4%
MoM - Median Forecast: 0.2% | Prior 0.6% | Range: 0.4% / -0.2%

US Housing Data for August
Housing Starts - Median Forecast: 1.437M | Prior 1.452M | Range: 1.478M% / 1.375M
Building Permits - Median Forecast: 1.44M | Prior 1.442M | Range: 1.46M / 1.379M

1:00 PM ET
US Sells $13 Bln in 20-Year Bonds at Auction

 

Speakers
08:30 AM ET
ECB's Elderson speaks at 10th Banking Union Conference organised at Goethe-Universität/Center for Financial Studies in Frankfurt.

14:00 PM ET
BoC's Kozicki will deliver a speech at the University of Regina in Saskatchewan.

 

Good luck!