Morning Juice – US Session Prep

Morning, Traders!
It is Friday the 4th of April, here are some things to look out for today.

Sentiment
The dollar rose versus all G10 peers except the Swiss franc amid profit taking ahead of the US payrolls report and a speech by Fed chair Powell. Treasuries advanced as US stock futures slid.
Interest from leveraged investors to unwind dollar-bearish exposure seen after the London open, a Europe-based trader said.
Moves come as traders add to dovish wagers from the ECB and the BoE into year-end, outpacing bets on the Fed, while stocks extend losses.

Trump said he was open to reducing his tariffs if other nations were able to offer something “phenomenal,” indicating that the White House was open to negotiations despite the insistence of some top officials.

Docket
08:30 ET
US Nonfarm Payrolls Forecast 140k, Previous 151k Range 200k / 80k
US Unemployment Rate Forecast 4.1%, Previous 4.1% Range 4.2% / 4%
Canadian Employment Change Forecast 10k, Previous 1.1k Range 25k / -20k
Canadian Unemployment Rate Forecast 6.7%, Previous 6.6% Range 6.7% / 6.5%
US Average Earnings YoY Forecast 4%, Previous 4% Range 4.3% / 3.8%
US Private Payrolls Forecast 135k, Previous 140k Range 175k / 90k

Speakers
11:25 ET
Fed’s Powell speaks about the economic outlook at the Society for Advancing Business Editing and Writing Annual Conference. Text and Q&A expected

12:00 ET
Fed’s Barr speaks on AI and banking. Text and Q&A expected

12:45 ET
Fed’s Waller speaks on payments at New York Fed Conference. No text. Q&A expected

Good luck!