Morning Juice – Europe Session Prep

Good Morning Traders.
It is Tuesday the 9th of July. Here is what to look out for today.

Sentiment
The dollar creeps higher against most of its major peers as investors wait to see how hawkish Fed Chairman Powell sounds in his semi-annual testimony to Congress. Oil steadied after a two-day drop with the worst of storm Beryl over, ahead of Federal Reserve Chair Jerome Powell’s report on monetary policy that’ll shape broader sentiment toward risk assets including commodities. France’s political class is drawing breath after a turbulent parliamentary election as officials prepare to begin in earnest negotiations over the next government.

Speakers
04:00 ET
ECB’s Panetta participates in annual meeting of Italian Banking Association in Rome

05:00 ET
ECB’s Cipollone gives video message at digital euro event organized by the Central Bank of Cyprus