Morning Juice – Europe Session Prep

Good Morning Traders.
It is Wednesday the 10th of July. Here is what to look out for today.

Sentiment

Following Chair Powell’s speech, uncertainty over the timing of Federal Reserve interest rate decreases was overshadowed by signals of another inventory draw in the US, which sent oil prices slightly higher.

Bond investors are bracing themselves for China to begin pressuring record-low yields, as the central bank now has access to “hundreds of billions” of yuan worth of securities to sell.

As Fed Chairman Powell highlights the significance of US inflation data, traders are placing bets on a rise in the $27 trillion US Treasury market.

Docket
08:00 ET
OPEC’s Monthly Report

Speakers
04:00 ET
ECB’s Nagel gives a speech in Fulda, Germany