Morning Juice – US Session Prep (7th May)

Sentiment
US Treasuries increased as investors gained confidence that the US and Iran would be able to achieve an agreement. Traders will also be eyeing jobless claims, which are coming later today, for signs on the course of interest rates. The dollar was little changed as traders pondered possibilities for progress in US-Iran peace talks, while the yen steadied after Japan’s top currency authority showed preparedness to oppose speculative moves. The US and Iran were circling around a new proposal to end the war on Wednesday, as President Donald Trump hunts for an exit from a dispute that has inflated energy costs and hurt his political standing. China’s financial regulator advised the country’s top banks to temporarily suspend new loans to five refiners recently sanctioned by the US for their ties to Iranian oil, according to sources familiar with the case.

Docket
08:30 ET
US Initial Jobless Claims Forecast 206k, Previous 189k Range 220k / 190k
US Continued Jobless Claims Forecast 1.8M, Previous 1.785M Range 1.82M / 1.75M

Speakers
10:00 ET
Fed’s Hammack Speaks on WOSU Public Radio

11:00 ET
Trump participates in a Greeting with the President of the Federative Republic of Brazil

11:15 ET
Trump participates in a Bilateral Meeting

11:45 ET
Trump participates in a Bilateral Lunch

13:00 ET
ECB’s Schnabel Speaks

Fed’s Kashkari participates in fireside chat at Northern Michigan University. No text. Q&A with moderator expected

14:05 ET
Fed’s Hammack participates in fireside chat at 2026 Ohio CEo Summit. No text. Q&A expected

15:30 ET
Fed’s Williams attends moderated discussion on regional economic insights at Hudson Valley Pattern for Progress. No text. Q&A expected

Good Luck!