Morning Juice – Europe Session Prep

Good Morning Traders! This Tuesday we get German ZEW data, as well as ECB comments.

Here is what to expect for the day.

Sentiment

The Bank of Japan ended the most aggressive monetary easing programme in modern history, including the world’s last negative interest rate and yield curve control mechanism. The central bank established a new policy rate range of 0% to 0.1%, moving from a -0.1% short-term interest rate.

Australia’s central bank abandoned its modestly hawkish approach after holding interest rates at a 12-year high, indicating increased confidence that policy is finding momentum and reining in inflation.

Two- and five-year Treasury rates rose to their highest levels this year, as swaps traders and analysts at Goldman Sachs predicted fewer Federal Reserve interest-rate decreases. With the impact of Ukrainian drone assaults on Russian facilities and OPEC+ supply cuts in focus, oil kept its gains.

Nvidia CEO Jensen Huang unveiled new chips geared at strengthening his company’s dominance in artificial intelligence computing, which has already earned it the world’s third-most valuable firm.

Docket

06:00 ET
German ZEW Economic Sentiment
Median Forecast 20.5 | Prior 19.9 | Range 25.0/15.0

German ZEW Current Conditions
Median Forecast -82 | Prior -81.7 | Range -75.0/-83.8

Speakers

04:30 ET
ECB’s de GUindos Speaks

04:40 ET
ECB’s de Cos Speaks

05:10 ET
EC Pres. von der Leyen Speaks

 

Good Luck today, Traders!