Morning Juice – US Session Prep

Morning, Traders!
It is Monday the 12th of August, here are some things to look out for today.

Sentiment
US equity futures rose modestly as traders braced for a week of data that will shed light on the health of the world’s largest economy and the Federal Reserve’s interest rate outlook.

Markets received some relief this morning from the volatility that has roiled markets in recent sessions, fuelled by concerns that the Fed is waiting too long to cut interest rates.
Last week, the S&P 500 experienced its largest one-day decline and best rebound since 2022.

The yen fell the most against the dollar among major peers, reversing some of last week’s gains as traders cut bearish bets following the Bank of Japan’s July 31st rate hike.
The BOJ’s move prompted investors to exit carry trades, causing turmoil to reverberate across global markets.

Docket
11:00 ET
NY Fed Inflation Expectations

11:30 ET
US sells $76 bln 3-month bills
US sells $70 bln 6-month bills

Good luck!