Good Morning Traders!
It is Thursday the 20th of July, and here are the things to look out for today.

The dollar fell and Treasuries fell, led by the belly of the curve, ahead of US economic data, including weekly jobless figures. The Australian dollar outperformed its peers in the Group of 10, while the pound lagged. Money markets held bets on a 25 basis point Fed rate hike next week steady, but increased peak wagers by 1 basis point to price in 34 basis point tightening by November. The Eurozone economy avoided a winter recession after all, with revised data showing it stagnated at the start of this year rather than shrinking as previously thought. Tesla shares fell in early trading after the automaker warned of additional losses to its already-shrinking profitability.

08:30 AM ET
US Initial Jobless Claims - Median Forecast: 240K | Prior: 237K | Range: 260K / 220K
US Continued Jobless Claims - Median Forecast: 1.725M | Prior: 1.729M | Range: 1.75M / 1.695M
US Philly Fed Business Index  - Median Forecast: -10 | Prior: -13.7 | Range: -5 / -17

10:00 AM ET
US Existing Home Sales - Median Forecast: 4.21M | Prior: 4.3M | Range: 4.4M / 4.08M
Eurozone Consumer Confidence Flash - Median Forecast: -15.8 | Prior: -16.1 | Range: -15 / -17

11:30 AM ET
US 4-Week Bill Auction

13:00 PM ET
US 10-Year TIPS Auction