Morning Juice – US Session Prep (5th August)

Sentiment
The most recent tariff threats bolstered the dollar, while the yen and Swiss franc trailed all G10 peers. The dollar rose against most of its peers, reversing some of its underperformance since Friday. Treasuries inched lower across the curve.

Switzerland’s President Keller-Sutter and Economy Minister Parmelin will travel to the US on Tuesday to put forward a more attractive trade offer in a bid to lower a 39% tariff imposed by the US.

Docket
08:30 ET
US Trade Balance for June
Forecast: -$61.3B | Prior: -$71.5B | Range: -$59.5B / -$75B

09:45 ET
US S&P Services PMI July Final
Forecast: 55.1 | Prior: 55.2 | Range: 55.2 / 55

10:00 ET
US ISM Services PMI July
Forecast: 51.5 | Prior: 50.8 | Range: 53.7 / 50.3

13:00 ET
US sells $58 bln 3-Year Notes

Speakers & Events
8 AM ET
Trump Speaks on CNBC

Earnings
16:15 ET
AMD Q2 2025 Earnings
Est. EPS $0.49
Est. Rev $7.43B

Good luck!