Housekeeping: Good Morning
Featured Analysis:
**Tether Aggressively Buys the Gold Dip
Tether bought 14 tonnes of gold in the second quarter, lifting its bullion holdings above 146 tonnes worth about $18.8 billion. The stablecoin issuer also reduced secured lending as USDT circulation rose, reinforcing gold’s growing role alongside Treasuries and Bitcoin within the company’s expanding reserve portfolio and broader financial strategy.
In Other News:
Data on Deck: Nonfarm Employment
MONDAY, AUGUST 3
9:45 am S&P final U.S. manufacturing PMI July -- 53.9
10:00 am ISM manufacturing July 54.0% 53.3%
10:00 am Construction spending June 0.3% 0.1%
TBA Auto sales July -- 16.5 million
TUESDAY, AUGUST 4
8:30 am U.S. trade balance June -$73.0B -$77.6B
10:00 am Factory orders June 0.3% -1.3%
10:00 am Job openings June 7.5 million 7.6 million
WEDNESDAY, AUGUST 5
8:15 am ADP employment July 75,000 98,000
9:45 am S&P final U.S. services PMI July -- 51.2
10:00 am ISM services July 54.4% 54.0%
4:05 pm Fed Governor Lisa Cook speaks
THURSDAY, AUGUST 6
8:30 am Initial jobless claims Aug. 1 200,000 197,000
8:30 am U.S. productivity Q2 0.7% 0.8%
10:00 am Wholesale inventories June -- 0.1%
FRIDAY, AUGUST 7
8:30 am U.S. employment report July 85,000 57,000
8:30 am U.S. unemployment rate July 4.3% 4.2%
8:30 am U.S. hourly wages July 0.3% 0.3%
8:30 am Hourly wages year over year -- 3.5%
10:00 am Richmond Fed President Tom Barkin speaks
3:00 pm Consumer credit June $12B -$0.2B
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