Morning Juice – US Session Prep

Good Morning Traders!
It is Wednesday the 31st of January and here is what to look out for today.

Sentiment
This morning, the dollar was up on expectations that the Federal Reserve may not signal imminent rate cuts following their meeting this afternoon.
Treasury yields slipped
US equity futures lost ground following big tech earnings reports last night that fell short of the market’s high expectations.

Docket
08:15 ET
US ADP Employment Change for January
Median Forecast: 150K | Prior: 164K | Range: 179K / 80K

08:30 ET
Canadian GDP MoM for November
Median Forecast: 0.1% | Prior: 0% | Range: 0.2% / 0%

US Employment Costs for Q4
Median Forecast: 1% | Prior: 1.1% | Range: 1.2% / 10.8%

US Treasury Quarterly Refunding Announcement

09:45 ET
US Chicago PMI for January
Median Forecast: 48 | Prior: 46.9 | Range: 49.5 / 44.7

10:30 ET
Weekly EIA Crude Oil Inventories
Median Forecast: -1.1M | Prior: -9.233M | Range: 6.274M / -4M

14:00 ET
US Interest Rate Decision (Prep Document Here)
FOMC Rate Statement

14:30 ET
FOMC Press Conference

Good luck!