Morning Juice – Europe Session Prep

Good Morning Traders
It is Wednesday the 28th August, here is what to expect for the day.

Sentiment

Australian monthly inflation declined in July, indicating that while price pressures eased in the current quarter, they did not do so quickly enough to support early interest rate reductions.

Deputy Governor Ryozo Himino emphasised the Bank of Japan’s largely unaltered position in the wake of financial market turbulence earlier in the month by saying that interest rates will rise as long as inflation advances in the bank’s direction.

Following a more than 2% dip on Tuesday, oil prices marginally increased as an industry report indicated that US crude stockpiles will continue to decline.

Bitcoin experienced its largest decline since the unrest that shook world markets in early August. This was a part of a larger decline in cryptocurrency prices, which also saw a steep decline in Ether, the token ranked second.

In an effort to strengthen connections with European allies, Keir Starmer’s efforts are leading the UK and Germany towards a significant new treaty.

Docket

Good luck!