Morning Juice – Europe Session Prep

Good Morning Traders! This Wednesday we get the BoE Policy Committee Minutes, UBS Survey Expectations and Italian Bond data.

Here is what to expect for the day.

Sentiment

The yen fell to its lowest level versus the dollar in nearly 34 years, fueling expectations that Japan may increase its efforts to arrest the slide. The yen dropped after a hawkish Bank of Japan board member stated that financial conditions will stay supportive.

Australian inflation remained stable for the third consecutive month in February, backing the Reserve Bank’s decision to hold interest rates unchanged at a 12-year high last week.

According to Bank of Japan Governor Kazuo Ueda, the impact of cost-push inflation caused by imports is projected to reduce and people’s livelihoods would likely improve.

Oil maintained its small slide as an industry data indicated to a substantial rise in US stocks, and broader markets adopted a lower tone ahead of the end of the quarter.

Asset managers reduced their bullish Treasury futures wagers ahead of the Federal Reserve’s policy meeting, resulting in the lowest net long holdings for “real money” investors like pension funds and insurance companies in eight months.

Docket

03:30 ET
Swedish Riksbank Rate
Median Forecast 4% | Prior 4% | Range 4%/4%

03:45 ET
French Consumer Confidence
Median Forecast 90 | Prior 89 | Range 91/89

06:30 ET
BoE Policy Committee Minutes

Speakers

05:00 ET
ECB’s Cipollone Speaks

 

Good Luck today, Traders!