Morning Juice – US Session Prep

Morning, Traders!
It is Friday the 6th of September, here are some things to look out for today.

Sentiment
The dollar headed for a third daily decline and the yen rose to its highest in a month ahead of the US August payrolls report which could determine the magnitude of the Federal Reserve’s anticipated rate cut later this month.
US equity futures fell, extending a three-day decline, as jitters over the health of the US economy intensified ahead of the closely watched August jobs report. Futures on the Nasdaq 100 Index dipped as much as 1.3%, while contracts tracking the S&P 500 fell 0.7%. Tech heavyweights including Amazon and Nvidia  declined more than 1.5% in premarket trading, while Broadcom dropped after delivering a revenue forecast seen as disappointing.

Docket
08:30 ET
US Employment Situation for August
Nonfarm Payrolls – Median Forecast: 165k | Prior: 114k | Range: 208k / 100k
Unemployment Rate – Median Forecast: 4.2% | Prior: 4.3% | Range: 4.4% / 4.1%
Average Earnings YoY – Median Forecast: 3.7% | Prior: 3.6% | Range: 3.8% / 3.6%

Canadian Employment Situation for August
Employment Change – Median Forecast: 25k | Prior: -2.8k | Range: 35k / -10k
Unemployment Rate – Median Forecast: 6.5% | Prior: 6.4% | Range: 6.7% / 6.5%

Speakers
08:45 ET
Fed’s Williams gives keynote remarks at an event hosted by the Council on Foreign Relations.
Text and Q&A are expected.

11:00 ET
Fed’s Waller gives a speech on the economic outlook followed by a Q&A at Notre Dame.
Text and Q&A are expected.

Good luck, and have a good weekend!