The Day AheadKey Economic Data
US Q1 GDP (2nd estimate)
Critical gauge of US economic strength. A stronger print supports the USD and Treasury yields; a weaker print could increase rate cut expectations.
US Initial Jobless Claims
Weekly labor market barometer. Higher claims may signal softening employment, boosting rate cut speculation.
US April Pending Home Sales
Forward-looking housing data. Affects homebuilder stocks and rate-sensitive sectors.
Japan May Consumer Confidence Index
Influences JPY and Nikkei futures. A strong number supports risk sentiment in Asia.
Italy May Consumer & Manufacturing Confidence, March Industrial Sales
Could affect EUR and European equity indexes, especially if significantly diverging from consensus.
Canada Q1 Current Account Balance
Impacts CAD. A stronger balance may support CAD crosses; relevant for BoC watchers.
Central Bank Activity
Fed Speakers: Barkin, Goolsbee, Daly
Market-sensitive remarks possible, especially around inflation, labor market, and rate path.
Key for interpreting near-term FOMC expectations.
Earnings Reports
Major reports: Costco, Royal Bank of Canada, Dell, Marvell, Zscaler, Gap
These span retail, finance, tech, and cybersecurity.
Potentially high-impact for:
Retail sentiment (Costco, Gap)
Tech momentum (Dell, Marvell, Zscaler)
Financial sector positioning (Royal Bank of Canada)
Bond Market
US 7-Year Treasury Note Auction
Important for yield curve positioning.
Weak demand may steepen the curve; strong demand could support duration plays.
Trading Takeaways
Macro setup: GDP + claims = key risk barometer for USD and yields.
Volatility catalyst: Earnings after-hours may drive post-market Nasdaq and futures volatility.
Bond traders: Watch auction tail and bid metrics closely; implications for near-term Treasury direction.
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