Morning Juice – Europe Session Prep

Good Morning Traders! This Friday we get a quiet end to the week.

Here is what to expect for the day.

Sentiment

Treasury yields have risen to 2024 highs as evidence of persistent US pricing pressures puts doubt on the Federal Reserve’s capacity to begin cutting interest rates later this year. Global bonds mirrored the selloff.

Oil was set for a weekly increase ahead of US inflation data, which might provide more hints on the route forward for monetary policy, affecting interest for risk assets such as oil.

History indicates that Japanese authorities are prepared to meddle in the currency market, even when the central bank’s policy board is meeting.

According to Pacific Investment Management, the Bank of Japan may raise interest rates three more times after the record boost last month.

Docket

04:00 ET
ECB 1 Year CPI Expectations
Prior 3.1%

ECB 3 Year CPI Expectations
Prior 2.5%

Eurozone Money-M3 Annual Growth
Median Forecast 0.6% | Prior 0.4%

Speakers

Good Luck today, Traders!