Morning Juice – US Session Prep
Daily Dose, US

Morning Juice – US Session Prep

Morning Traders!
It is Friday the 3rd of May, here are some things to look out for.

Stocks rose this morning ahead of the US jobs data, as Apple fueled confidence about the profit potential of large technology companies.
The yen rose to a three-week high.

Non-farm payrolls statistics are the next significant trigger for markets, after Federal Reserve Chairman Powell successfully put fears about a future rate rise to rest. The expected increase of 240,000 jobs would be the smallest since November.

Nonfarm Payrolls Prep Article – Read Here

08:30 ET
US Nonfarm Payrolls for April
Median Forecast: 240k | Prior: 303k | Range: 280k / 150k

US Unemployment Rate for April
Median Forecast: 3.8% | Prior: 3.8% |  Range: 3.9% / 3.7%

US Average Earnings YoY for April
Median Forecast: 4% | Prior: 4.1% | Range: 4.2% / 4%

09:45 ET
US S&P Services PMI Final for April
Median Forecast: 51 | Prior: 50.9 | Range: 51.1 / 50.9

10:00 ET
US ISM Services PMI for April
Median Forecast: 52 | Prior: 51.4 | Range: 53.5 / 50.5

Good luck, Traders!