Morning Juice – Europe Session Prep

Good Morning Traders! This Wednesday we get bond data for the Euro-Area and UBS Survey Expectations.

Here is what to expect for the day.

Sentiment

Oil dipped following a two-day gain, as signals of increasing US stocks competed with optimism that OPEC+ will continue production curbs.

Bond traders no longer expect the Federal Reserve to decrease interest rates by more than 75 basis points this year, aligning their view with what Fed policymakers have stated is the most likely conclusion.

The Bank of England may sell all UK government bonds purchased via quantitative easing to better prepare for a future crisis, putting it at odds with the US Federal Reserve.

CTA positioning from a tactical sense has lately been seen at a’max short’, but evidence in futures data suggests that an unwind may be begun, placing Treasuries at danger of a short-covering recovery in the near term.

Docket

04:00 ET
UBS Survey Expectations

Speakers

04:00 ET
ECB’s Muller Speaks

Good Luck today, Traders!