Morning, Traders!
It is Tuesday the 5th of September, the first trading day after the holiday-extended weekend.
Here are some things to look out for today.
Sentiment
The dollar rose against all of its Group-of-10 counterparts this morning, as more bad news from China and Europe reinforced the view that the US economy will outperform its peers.
Goldman Sachs now sees a 15% chance that the United States will enter a recession, down from 20% previously, as lower inflation and a still-resilient labor market suggest that the Federal Reserve may not need to raise interest rates any further.
Docket
10:00 AM ET
US Factory Order MoM for July
Median Forecast: -2.5% | Prior: 2.3% | Range: -0.1% / -5.2%
11:30 AM ET
US sells $69 bln 3-Month Bills
US sells $62 bln 6-Month Bills
1:00 PM ET
US sells $42 bln 52-Week Bills
Good luck!
