Today's economic calendar is light on data but a pair of speakers will be notable
<p>It's January tenth and that's about the time of year when the turn-of-the-year flows dry up and we can get back to the business of trading fundamentals. Unfortunately, there aren't many fundamentals coming today.</p><p>The lone <a href="https://www.forexlive.com/EconomicCalendar" target="_blank" rel="follow">economic indicators </a>coming up today are US wholesale sales (10 am ET) and the EIA weekly oil storage report (10:30 am). On the speakers' calendar, the Fed's Williams talks at 3:15 pm ET on the economic outlook for 2024, so that's sure to touch on monetary policy.</p><p>Before that, we will hear from the Bank of England's Bailey at 10:15 am as cable continues to bounce around.</p><p>Another notable event comes at 1 pm with a US 10-year note auction. The on-the-run notes are trading down 3 bps to 3.98% so eyes will be on 4%.</p><p>Finally, it's bitcoin ETF approval today. Yesterday's SEC SNAFU sets the tone for an interesting reaction. So far today, bitcoin is down slightly to $45,200.</p><p><a href="https://www.forexlive.com/Cryptocurrency/a-bitcoin-etf-is-approved-eight-reasons-why-it-will-be-a-sell-the-fact-trade-20240109/" target="_blank" rel="follow">Eight reasons why a bitcoin ETF will be a 'sell the fact' trade</a></p>
This article was written by Adam Button at www.forexlive.com.
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