Morning Juice – US Session Prep (29th January)

Sentiment
Long-dated Treasuries declined as oil prices climbed after Trump warned Iran about potential military strikes. A gauge of the dollar was little changed.

Gold surged to a record above $5,500 an ounce, extending a rapid rally into a ninth day as a weaker dollar and investor flight from sovereign bonds and currencies boosted demand.

Docket
8:30 ET
US Trade Balance for November
Forecast: -44B | Prior: -29.4B | Range: -21.2B / -55B

Weekly Claims
US Initial Jobless Claims Forecast: 205K | Prior: 200K | Range: 222K / 190K
US Continued Jobless Claims Forecast 1.85M, Prior 1.849M Range 1.911M / 1.834M

10:00 ET
US Factory Orders MoM for November
Forecast: 1.6% | Prior: -1.3% | Range: 7% / 0%

13:00 ET
US 7-Year Note Auction
Sells $44 bln

Speakers
9:30 ET
ECB’s Cipollone speaks at New Year’s Forum in Rome, Italy

11:00 ET
Trump Cabinet meeting

16:30 ET
Trump makes an announcement

Earnings
16:05 ET
Visa Q1 2026 Earnings
Estimated EPS – $4.25
Estimated Revenue – $87.81B

16:30 ET
Apple Q1 2026 Earnings
Estimated EPS – $2.86
Estimated Revenue – $138.4B

Good Luck!