US advance goods trade balance, inventories, home data and JOLTS on the calendar today

At the bottom of the hour, the US advance goods trade balance for September will be released with deficit $-95.9 billion expected. That is a larger deficit compared to last months $-94.22 billion.

Wholesale inventories for September will also be released with expectations of +0.1% (was +0.1% last month as well.

Later at 10 AM, the Case Shiller home price data for August is expected to show a 0.2% gain for the month versus 0.3% last month. The year on year is expected that +5.1% versus 5.9% last month.

Also at 10 AM, the jolts job openings are expected to show a near unchanged level of 8.000 million for September versus 8.040 million last month.

This afternoon at 1 PM, the US treasury will auction off 7-year notes. Yesterday they auctioned off two and five year notes with below average demand.

In other markets today

• Bitcoin is trading higher at $71,188
• Futures are implying a lower US stock opening. S&P index is implying decline -8.25 points and the Dow industrial average -137.57 points. The NASDAQ index is also lower by -5.32 points.
• US yields are higher once again with the tenure up 4.0 basis points at 4.318%. The two year yield is up 2.2 basis points 4.162%.

The earnings calendar continues to heat up as the week goes forward. Below is the schedule of releases for the rest of the week

After Close:

• AMD
• Alphabet
• Snap Inc.
• Chipotle
• Visa
• First Solar

WednesdayBefore Open:

• Lilly
• Caterpillar
• Humana

After Close:

• Microsoft
• Meta
• Coinbase
• Robinhood

ThursdayBefore Open:

• Uber
• Peloton
• Merck
• ConocoPhillips
• SiriusXM
• Altria
• Mastercard

After Close:

• Amazon
• Apple
• Intel

FridayBefore Open:

• FuboTV
• Chevron
• ExxonMobil
• Wayfair

This article was written by Greg Michalowski at www.forexlive.com.