Morning Juice – US Session Prep

Morning, Traders!
It is Tuesday the 5th of March, here are some things to look out for today.

Sentiment
The dollar lost a small gain, and Treasury yields fell as traders anticipated US data later today, including factory orders, and a key gauge of service sector activity.
The Australian dollar fell behind its Group-of-10 peers, indicating investor concern about China’s 5% growth target for this year.

US stock futures fell this morning as hawkish comments from a Fed official reinforced the message that they’re in no rush to cut interest rates.

Docket
09:45 ET
US S&P Services PMI February Final
Median Forecast: 51.4 | Prior: 51.3 | Range: 51.5 / 51.3

10:00 ET
US ISM Services PMI for February
Median Forecast: 53 | Prior: 53.4 | Range: 55.2 / 51

US Factory Orders for January
Median Forecast: -3% | Prior: 0.2% | Range: -2% / -4%

Speakers
12:00 ET
Fed Vice Chair for Supervision Barr participates in a panel discussion on CRA modernization with FDIC Chair Martin Gruenberg and Acting Comptroller of the Currency Michael Hsu.
No text is expected, but there will be a Q&A.
Watch Here

14:15 ET
Fed Vice Chair for Supervision Barr participates virtually in a a Roundtable Listening Session with Community Depository Financial Institutions before the 2024 National Interagency Community Reinvestment Conference in Portland, Ore.
Watch Here

Good luck!