Morning Juice – US Session Prep

Good Morning Traders.
It is Friday the 5th of April, here is what to look out for today.

Sentiment
The S&P 500 was headed for its biggest weekly decline in over five months as rising geopolitical concerns in the Middle East and hawkish signals from Federal Reserve officials stoked worries about stagflation. The dollar traded little changed on a trade-weighted basis ahead of the release of US payrolls data, while the yen erased gains fueled by the Bank of Japan Governor’s comments on interest rates.

Docket
08:30 ET
US Nonfarm Payrolls for March
Forecast 214K | Prior 275K | Range 290K/245K
US Unemployment Rate for March
Forecast 3.8% | Prior 3.9% | Range 3.9%/3.6%
US Average Earnings YoY for March
Forecast 4.1% | Prior 4.3% | Range 4.3%/3.9%

Canadian Employment Change for March
Forecast 25K | Prior 40.7K | Range 62.8K/10K
Canadian Unemployment Rate for March
Forecast 5.9% | Prior 5.8% | Range 5.9%/5.8%

15:00 ET
US Consumer Credit for February
Forecast 15B | Prior 19.495B | Range 28.6B/8B

Speakers
08:30 ET
Fed’s Collins will provide a brief welcoming and overview remarks for the Conference on the Financial Stability Implications of Stablecoins. Text is expected, but no Q&A.

09:15 ET
Fed’s Barkin will deliver effectively the same speech as the day before but updated to reflect new data followed by a Q&A. Both text and Q&A are expected.

11:00 ET
Fed’s Logan speaks at an event hosted by the Duke University economics department. Both text and Q&A are expected.

12:30 ET
Fed’s Bowman speaks on risks and uncertainty in monetary policy at a Manhattan Institute event in New York. Both text and Q&A are expected.