Morning Juice – US Session Prep (8th May)

Sentiment
The dollar slipped and Treasuries gained ahead of key US employment data expected to reinforce the Federal Reserve’s cautious stance on policy changes.

Docket
08:30 ET
NFP April Report
US Nonfarm Payrolls Forecast 65K, Previous 178K | Range: 133K / -15K
US Unemployment Rate Forecast 4.3%, Previous 4.3% | Range: 4.5% / 4.2%
US Average Hourly Earnings YoY Forecast 3.8%, Previous 3.5% | Range: 3.9% / 3.7%
US Private Payrolls Forecast 75K, Previous 186K | Range: 135K / -5K

Canadian Employment April Report
Canadian Employment Change Forecast 10K, Previous 14.1K | Range: 45K / -15K
Canadian Unemployment Rate Forecast 6.7%, Previous 6.7% | Range: 6.8% / 6.7%

10:00 ET
University Michigan May Preliminary Data
University of Michigan Sentiment Prelim Forecast 49.5, Previous 49.8 | Range: 53 / 48

Speakers & Events
11:00 ET
Fed’s Goolsbee speaks on CNBC

12:00 ET
Trump delivers remarks

12:15 ET
ECB’s Nagel speaks

14:20 ET
Fed’s Goolsbee speaks on BTV