Morning Juice – Europe Session Prep

Good Morning Traders! This Thursday we get some minor Eurozone numbers.

Here is what to expect for the day.

Sentiment

Australian employment unexpectedly decreased in March and the unemployment rate climbed, undoing some of the enormous upward surprise of the previous month and indicating tight monetary policy settings.

According to Japan’s currency head Masato Kanda, members of the Group of Seven reiterated their foreign exchange obligations during negotiations in Washington.

It is crucial to maintain Japan’s monetary settings accommodating, even while officials consider progressively raising rates. Asahi Noguchi, a Bank of Japan board member, said in a speech Thursday to local business leaders in Saga, western Japan.

Loretta Mester, President of the Federal Reserve Bank of Cleveland, said monetary policy is in a healthy place and that the central bank should not be in a hurry to decrease interest rates.

Oil fell the most in two months due to a series of contradicting signals, including growing stocks, Middle East tensions, and the reimposition of US sanctions on Venezuelan petroleum.

Docket

04:00 ET 
Eurozone Current Account
Prior 39.530B

Speakers

03:00 ET
ECB’s de Guindos Speaks

08:00 ET
ECB’s Nagel & German Fin. Min. Speak

 

Good Luck today, Traders!