Morning Juice – US Session Prep

Morning, Traders!
It is Thursday the 25th of July, here are some things to look out for today

Sentiment
A wave of earnings misses and concerns about US economic growth are driving losses across global markets, adding fuel to a selloff that began with traders exiting megacap tech.

Traders have also begun to increase their bets that the Federal Reserve will need to lower interest rates sooner than expected to keep the US economy afloat.
The yield on two-year Treasuries fell seven basis points to 4.35%.
The yen rose more than 1% on expectations that the rate gap between Japan and the United States will narrow.

Docket
08:30 ET
US GDP QoQ Q2 Advance
Median Forecast: 2% | Prior: 1.4% | Range: 3% / 1.2%

US Durable Goods June Prelim
Median Forecast: 0.3% | Prior: 0.1% | Range: 3.8% / -4%

US Weekly Jobless Claims
Initial Claims – Median Forecast: 238K | Prior: 243K | Range: 245K / 230K

11:30 ET
US sells $90 bln 4-Week Bills

13:00 ET
US sells $44 bln 7-Year Notes

Speakers
11:00 ET
ECB’s President Lagarde attends the Paris Summit 2024 Sport for Sustainable Development
‘Faster, Higher, Stronger – Together For a Better Future’.

Good luck!