Morning Juice – US Session Prep (7th January)

Sentiment
Treasuries rose alongside European bonds after German retail sales unexpectedly declined in November. The yield on the 10-year Treasury fell three basis points to 4.15%, while the dollar was little changed.

Trump said Venezuela would hand over as much as 50 million barrels of oil to the US, valued at roughly $2.8 billion at current market prices, adding that the cargoes would be sold with the proceeds benefiting both countries.

Docket
08:15 ET
(Dec) US ADP Employment Change Forecast 50k, Previous -32k Range 80k / 10k

10:00 ET
(Dec) US ISM Services PMI Forecast 52.2, Previous 52.6 Range 53.5 / 50.9
(Nov) US JOLTS Job Openings Forecast 7.648M, Previous 7.670M Range 7.9M / 7.2M
(Oct) US Factory Orders MoM Forecast -1.2%, Previous 0.2% Range 1% / -1.4%

10:30 ET
EIA Crude Oil Inventories Forecast -1M, Previous -1.934M Range 1.5M / -4.039M

Speakers
11:00 ET
White House Press Secretary Leavitt Press Conference

14:30 ET
Trump signs executive orders

16:10 ET
Fed’s Bowman speaks at California Bankers Association. Text: Yes. Q&A: yes

Good Luck!