Morning Juice – US Session Prep
Morning, Traders!
It is Tuesday the 7th of January, here are some things to look out for today.
Sentiment
The dollar fell for a third day in the longest streak since November, underperformed only slightly by the Japanese yen among Group-of-10 peers. Treasuries slipped ahead of US ISM Services, JOLTs figures and a 10-year note sale. US stock-index futures were muted after two days of gains for the benchmark indexes, as investor attention turned to a slate of employment data due this week, including the key payrolls report. The rally in US stocks lost momentum in December amid concerns that there would be fewer interest-rate cuts from the Federal Reserve than expected in 2025. Investors are also awaiting clarity on trade policies as Donald Trump returns to the White House.
Docket
08:30 ET
US Trade Balance for November
Median Forecast: -$78.3B | Prior: -$73.8B | Range: -$74.5B / -$92B
10:00 ET
US JOLTS Job Openings for November
Median Forecast: 7.745M | Prior: 7.744M | Range: 7.95M / 7.2M
US ISM Services PMI for December
Median Forecast: 53.5 | Prior: 52.1 | Range: 57 / 49.9
Prices Paid – Median Forecast:57.5 | Prior: 58.2 | Range: 58 / 57
Employment – Median Forecast: 51.1 | Prior: 51.5 | Range: 51.4 / 51
13:00 ET
US sells $39 bln 10-Year Notes
Good luck!
