Morning Juice – US Session Prep

Morning, Traders!
It is Thursday the 1st of February, here are some things to look out for today.

Sentiment
The dollar extended gains this morning, while European bonds and US Treasuries fell, as traders pulled back interest rate cut bets after Fed’s Powell slashed market hopes of a March rate cut.

Equities futures signal a potential rebound as traders wait for the next round of big tech earnings, and reset their Fed cut timing expectations.

Docket
08:30 ET
US Weekly Jobless Claims
Initial Claims – Median Forecast: 212K | Prior: 214K | Range: 220K / 202K
Continued Claims – Median Forecast: 1.839M | Prior: 1.833M | Range: 1.856M / 1.8M

09:45 ET
US S&P Manufacturing PMI January Final
Median Forecast: 50.5 | Prior: 50.3 | Range: 50.3 / 50

10:00 ET
US ISM Manufacturing PMI for January
Median Forecast: 47.2 | Prior: 47.4 | Range: 49.5 / 43

Earnings
16:00 ET
Amazon Q4 2023 Earnings
Est. EPS 81c
Est. Rev $166.21 bln

16:15 ET
Meta Q4 2023 Earnings
Est. EPS $4.90
Est. Rev $39 bln

16:30 ET
Apple Q1 2024 Earnings
Est. EPS $2.11
Est. Rev $117.97 bln

Good luck!