Morning, Traders!
It is Wednesday the 30th of August, and this week's slew of US jobs data continues today.
Here are some things to look out for
Sentiment
This morning, the US dollar is holding steady ahead of key economic and employment data that could shed light on the Federal Reserve's interest rate policy. Treasury yields rose alongside their European counterparts after data showed that inflation in Germany and Spain had accelerated.
US Commerce Secretary Gina Raimondo yesterday emphasized the importance of a predictable regulatory environment in China as she concluded a visit to the country aimed at improving economic ties, during which she also cited businesses that called China 'uninvestable.'
Docket
8:15 AM ET
US ADP Employment Change for August
Median Forecast: 195K | Prior: 324K | Range: 298K / 125K
8:30 AM ET
US GDP QoQ 2nd Estimate for Q2
Median Forecast: 2.4% | Prior: 2.4% | Range: 2.6% / 2%
US GDP Price Index
Median Forecast: 2.2% | Prior: 2.2% | Range: 2.3% / 2.2%
US Core PCE Prices Prelim
Median Forecast: 3.8% | Prior: 3.8% | Range: 3.9% / 3.8%
10:30 AM ET
US Weekly EIA Inventories
Crude Oil - Median Forecast: -2.191M | Prior -6.134M | Range: 2M / -4M
Good luck!
