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MNI US MARKETS ANALYSIS - Fed Pricing Sees 25bps Hike Nailed On

Highlights:

  • US curve sits a touch steeper ahead of the FOMC decision
  • Markets watch for September signals, with a 25bps rate hike fully priced today
  • Positive close for EUR/USD today would snap six session losing streak

DateGMT/LocalImpactFlagCountryEvent
26/07/20231100/0700**USMBA Weekly Applications Index
26/07/20231400/1000***USNew Home Sales
26/07/20231430/1030**USDOE Weekly Crude Oil Stocks
26/07/20231530/1130**USUS Treasury Auction Result for 2 Year Floating Rate Note
26/07/20231730/1330CABOC minutes from last rate meeting
26/07/20231800/1400***USFOMC Statement
27/07/20230130/1130**AUTrade price indexes
27/07/20230600/0800*DEGFK Consumer Climate
27/07/20230700/0900**SEEconomic Tendency Indicator
27/07/20230800/1000**ITISTAT Business Confidence
27/07/20230800/1000**ITISTAT Consumer Confidence
27/07/20231000/1100**UKCBI Distributive Trades
27/07/20231145/1345***EUECB Marginal Lending Rate
27/07/20231215/1415***EUECB Deposit Rate
27/07/20231215/1415***EUECB Main Refi Rate
27/07/20231230/0830**USJobless Claims
27/07/20231230/0830**USWASDE Weekly Import/Export
27/07/20231230/0830*CAPayroll employment
27/07/20231230/0830**USDurable Goods New Orders
27/07/20231230/0830***USGDP
27/07/20231230/0830**USAdvance Trade, Advance Business Inventories
27/07/20231245/1445EUECB President Lagarde post-rate meet press conference
27/07/20231400/1000**USNAR Pending Home Sales
27/07/20231400/1000**USKansas City Fed Manufacturing Index
27/07/20231415/1615EUECB Lagarde speaks on the ECB Podcast
27/07/20231430/1030**USNatural Gas Stocks
27/07/20231700/1300**USUS Treasury Auction Result for 7 Year Note
27/07/20231700/1300USFed proposal on capital

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