Morning Juice – US Session Prep

Good Morning Traders!
It is Friday the 5th of July. Here is what to look out for today.

Sentiment
Global stocks rose to all-time highs ahead of key US jobs data, which is expected to show some moderation in hiring.
The pound enjoyed its longest winning streak in four years as Labour won the UK general election.

A series of soft US economic readings has revived hopes that the Federal Reserve will begin cutting interest rates as early as September, sending MSCI’s global equities index to a new high.
Treasury yields fell on Friday, and the dollar fell for the fourth consecutive day to its lowest level in three weeks.

Docket
08:30 ET
US Employment Situation for June
Nonfarm Payrolls – Median Forecast: 190K | Prior: 272K | Range: 237k / 140k
Unemployment Rate – Median Forecast: 4% | Prior: 4% | Range: 4.1% / 3.9%
Average Earnings YoY – Median Forecast: 3.9% | Prior: 4.1% | Range: 4.2% / 3.8%
Average Earnings MoM – Median Forecast: 0.3% | Prior: 0.4% | Range: 0.4% / 0.2%
Average Workweek Hrs – Median Forecast: 34.3 | Prior: 34.3 | Range: 34.4 / 34.2
Private Payrolls – Median Forecast: 160K | Prior: 229K | Range: 201k / 115k

Canadian Employment Report for June
Employment Change – Median Forecast: 25K | Prior: 26.7K | Range: 73K / 20K
Unemployment Rate – Median Forecast: 6.3% | Prior: 6.2% | Range: 6.4% / 6.2%

Speakers
13:15 ET
ECB’s Lagarde speaks.

Good luck!