Morning Juice – Europe Session Prep
Good Morning Traders! This Wednesday we get comments from a number of ECB speakers.
Here is what to expect for the day.
Sentiment
Federal Reserve Governor Lisa Cook said it will be fair to cut interest rates “at some point,” adding that she expects inflation to gradually improve this year before making more rapid improvement in 2025.
In May, Australia’s inflation surged quicker than predicted, sending the AUD higher as traders increased bets the Reserve Bank will continue hiking interest rates at its next meeting.
Australia’s central bank is vigilant to upside risks to inflation and needs to see signs of further reduction in core consumer prices before considering interest rate decreases, a senior Reserve Bank official stated.
Oil fell after an industry estimate indicated a slight increase in US oil stocks ahead of official government data.
Docket
06:00 ET
UK CBI Distributive Trades
Median Forecast 0 | Prior 8 | Range 9/-5
Speakers
05:30 ET
ECB’s Rehn Speaks
06:00 ET
ECB’s Panetta Speaks
06:40 ET
ECB’s Lane Speaks
07:45 ET
ECB’s Kazaks Speaks
Good Luck today, traders!
