Morning Juice – Europe Session Prep
Good Morning Traders! This Monday we get German IFO numbers.
Here is what to expect for the day.
Sentiment
The yen remained under pressure and within a whisker of crucial levels versus the dollar Monday, even as Japan’s top currency regulator cautioned that authorities are prepared to interfere in currency markets 24 hours a day if required.
Bank of Japan board members reviewed the argument for an interest rate rise as upside risks to inflation became “more noticeable,” according to a summary of thoughts from the June policy meeting.
Oil fell for a second day as a risk-off tone in broader markets responded to growing assaults on ships near Yemen.
Docket
04:00 ET
German IFO Expectations
Median Forecast 90.7 | Prior 90.4 | Range 91.5/89.4
German IFO Current Conditions
Median Forecast 88.5 | Prior 88.3 | Range 90.5/87.5
German IFO Business Cllimate
Median Forecast 89.6 | Prior 89.3 | Range 90.7/88.6
03:00 ET
Fed’s Waller Speaks
06:10 ET
ECB’s Nagel Speaks
Good Luck today, traders!
