Morning Juice – Europe Session Prep

Good Morning Traders
It is Thursday the 19th September, here is what to expect for the day.4

Sentiment

Fed Chair Jerome Powell broke with his colleagues’ unwavering focus on combating inflation by leading them to an excessive interest rate drop intended to maintain the resilience of the US economy as labour market concerns increase.

Australia’s robust hiring continued throughout August, and the country’s unemployment rate remained low, demonstrating the labour market’s resistance to rising interest rates.

Bearish factors, including hints of poor US demand, countered the Federal Reserve’s sharp interest rate decrease and rising tensions in the Middle East, causing oil prices to fall.

Docket

07:00 ET
BoE Bank Rate
Median Forecast 5.0% | Prior 5.0% | Range 5.0%/4.75%

Speakers

05:00 ET
ECB’s Schnabel Speaks

05:00 ET
ECB’s Panetta Speaks

07:30 ET
ECB’s Nagel Speaks

Good luck!