Morning Juice – Europe Session Prep

Good Morning Traders! This Monday we get a quiet session to kick off the week.

Here is what to expect for the day.

Sentiment

China’s yuan reversed losses from Friday as the central bank signalled its support for the controlled currency with a higher-than-expected daily reference rate.

Japan’s top currency official issued his most forceful cautions in months against speculative actions in the foreign exchange market, as the yen hovers around a 2022 intervention level.

Speculative investors increased their negative bets on the Australian dollar to its highest level on record, as concerns about China weighed on risk sentiment.

Oil prices rose up following a three-day decline on signals of a tighter market caused by sanctions, geopolitical uncertainties, and OPEC+ production restrictions.

Docket

07:00 ET
UK CBI Distributive Trades
Median Forecast -13.5 | Prior -7 | Range -5/-20

Speakers

06:30 ET
ECB’s Holzmann Speaks

Good Luck today, Traders!