Morning Juice – US Session Prep

Morning, Traders!
It is Friday the 2nd of February, here are some things to look out for today.

Sentiment
The dollar index fell, Treasury yields increased, and equity futures rose slightly as traders expected key US jobs data to show a slight softening in the labor market.
Amazon and Meta Platforms reported strong earnings last night, which boosted equity sentiment.

Docket
08:30 ET
US Employment Situation for January
Nonfarm Payrolls – Median Forecast: 185K | Prior: 216K | Range: 300K / 120K
Unemployment Rate – Median Forecast: 3.8% | Prior: 3.7% | Range: 3.9% / 3.6%
Average Earnings YoY – Median Forecast: 4.1% | Prior: 4.1% | Range: 4.2% / 4%
US NFP Prep Article Here

10:00 ET
University Michigan Sentiment January Final
Sentiment – Median Forecast: 79 | Prior: 78.8 | Range: 80.5 / 78
1-Year Inflation Expectations – Median Forecast: 2.9% | Prior: 2.9% | Range: 2.9% / 2.8%
5-Year Inflation Expectations – Median Forecast: 2.8% | Prior: 2.8% | Range: 2.8% / 2.8%

US Factory Orders MoM for December
Median Forecast: 0.2% | Prior: 2.6% | Range: 0.6% / -0.4%

Good luck!