Morning Juice – US Session Prep (23rd July)

Sentiment
A gauge of the dollar stabilized, while risk-sensitive FX outperformed, as US trade-deal announcements supported equity markets. Treasury yields ticked higher, led by the long end.

USD/JPY erased a 0.3% drop to trade flat at 146.67. US and Japan came to a trade agreement, and Japanese PM Ishiba denied resignation reports.

EUR/USD declined 0.2% to 1.1727. The euro’s volatility skew continues to tilt in favor of calls, signalling that options traders are positioning for the common currency to challenge its year-to-date highs.

Docket
10:00 ET
US Existing Home Sales for June
Forecast: 4M | Prior:4.03M | Range: 4.18M / 3.9M

Eurozone Consumer Confidence July Prelim
Forecast: -15 | Prior: -15.3 | Range: -12 / -16.3

10:30 ET
US Weekly EIA Crude Oil Inventories
Forecast: -1.5M | Prior: -3.859M | Range: 0.4M / -3.077M

13:00 ET
US sells $13 bln 20-Year Bonds

Speakers & Events
08:15 ET
US Commerce Secretary Lutnick Speaks on BTV

13:00 ET
White House Press Secretary speaks

17:00 ET
Trump speaks on AI

Earnings Estimates
16:00 ET
GOOGL
EPS: $2.18 Rev: $79.59B

TMUS
EPS: $2.69 Rev: $21.01B

16:05 ET
TSLA
EPS: $0.42 Rev: $22.64B

16:10 ET
IBM
EPS $2.63 Rev: 16.59B

Good luck!