Morning Traders!
It is Wednesday the 2nd of August, here are some things to look out for today.

Treasuries are twisting steeper, revolving around the 10-year sector amid a rush for safe havens as stock futures point to losses at the cash open following Fitch's downgrade of US sovereign credit. The dollar has remained relatively stable, while the yen outperforms Group-of-10 peers and the New Zealand dollar lags. Investors may look to ADP figures in the United States for clues on the employment outlook ahead of Friday's payrolls report.

The downgrade of US government debt by Fitch Ratings sparked criticism from Washington and Wall Street, even as concerns grow that rising fiscal deficits will cause market, economic, and political turmoil in the coming year.

Atlanta Federal Reserve Bank President Bostic urged the US Federal Reserve not to tighten monetary policy further, as inflation is expected to remain low.


08:15 AM ET
US ADP Employment Change for July
Median Forecast: 190K | Prior: 417K | Range: 280K / 140K

10:30 AM ET
Weekly EIA Inventories
Crude Oil Inventories - Median Forecast: -1.05M | Prior: -0.6M | Range: 1.937M / -3M

Good luck!