Morning Juice – US Session Prep

Morning, Traders!
It is Tuesday the 27th of August, here are some things to look out for today.

Sentiment
Markets were little changed this morning with Nvidia earnings coming up tomorrow and the busy calendar of US economic data later in the week.

The dollar, Treasuries, and US equities futures all saw minimal movement. Prior to Nvidia, there are a lot of moving parts, particularly following an earnings season where other Magnificent Seven megacaps posted underwhelming numbers.
The wait-and-see attitude is being exacerbated by impending statistics on US economic growth, pricing, consumer expenditure, and jobs.

Due to its high value and substantial weighting in the S&P 500 (second only to Apple), Nvidia is prone to significant fluctuations that could have far-reaching effects.
According to data, options market pricing indicates that traders anticipate the possibility of an over 10% shift in either direction following earnings.
This translates to about 160 points on the Nasdaq 100 Index, or a 0.8% increase.

Docket
10:00 ET
US CB Consumer Confidence for August
Median Forecast: 100.9 | Prior: 100.3 | Range: 103 / 97.7

13:00 ET
US sells $69 bln 2-Year Notes

Speakers
10:00 ET
ECB’s Nagel speaks at an event in Frankfurt.
The event will take place in German.
Event details here

Good luck!