Good Morning Traders!
It is Thursday the 6th of July, and here are some things to watch out for today.
Sentiment
Janet Yellen, the US Treasury Secretary, arrived in Beijing on Thursday with the goal of finding areas of common economic ground and opening communication channels in the midst of an increasingly tense relationship between the world's two largest economies.
Weekly hours worked - an early indicator of changes in hiring patterns and demand - have reached a critical inflection point in the United States.
After months of central banks dominating currency markets, commodities may be gaining sway over currencies.
Docket
08:15 AM ET
US ADP Employment Change - Median Forecast: 223K | Prior: 278K | Range: 275K / 95K
08:30 AM ET
US Trade Balance - Median Forecast: -74.6B | Prior: -69B | Range: -67.7B / -89B
Canadian Trade Balance - Median Forecast: 1.2B | Prior: 1.94B | Range: 5.06B /-0.6B
US Initial Jobless Claims - Median Forecast: 245K | Prior: 239K | Range: 270K / 225K
09:45 AM ET
US S&P Services PMI Final - Median Forecast: 54.1 | Prior: 54.1 | Range: 54.1 / 54.1
US S&P Composite PMI Final - Median Forecast: - | Prior: 53 | Range: - / -
10:00 AM ET
US ISM Services PMI - Median Forecast: 51.3 | Prior: 50.3 | Range: 53.3 / 48.5
US JOLTS Job Openings - Median Forecast: 9.9M | Prior: 10.103M | Range: 10.1M/ 9.5M
11:00 AM ET
Weekly EIA Inventories
Crude Oil Inventories - Median Forecast: - | Prior: -9.603M | Range: - / -
11:30 AM ET
US 4-Week Bill Auction
Speakers
08:45 AM ET
Fed's Logan speaks on a panel about the policy challenges for central banks at the Central Bank Research Association annual meeting at Columbia University. Q&A is expected.
12:00 PM ET
ECB's Nagel speaks at DEKRA Dialog in Stuttgart.
Good Luck Traders!
