Morning Juice – Europe Session Prep

Good Morning Traders
It is Tuesday the 24th September, here is what to expect for the day.

Sentiment

Tuesday saw Australia’s central bank maintain its benchmark interest rate at a 12-year high in an effort to calm persistent pricing pressures that are keeping the country from participating in a global easing cycle.

As part of a comprehensive set of policies aimed at bolstering the economy and improving market mood, China will permit funds and brokers to use the central bank’s funding to purchase equities.

Several Federal Reserve officials on Monday hinted at the possibility of more significant interest rate reductions, pointing out that the US economy is still significantly impacted by the existing rates.

Observers of the Bank of Japan are closely monitoring the nation’s ruling Liberal Democratic Party’s leadership race for any repercussions for monetary policy, with particular emphasis being paid to a vocal proponent of continuing an easing posture.

Oil prices increased as a result of China’s government’s massive economic policy support campaign, and Middle East tensions remained high following a significant Israeli strike against Hezbollah sites in Lebanon.

The disadvantages facing the yen appear to outweigh any benefits from the massive interest rate drop by the Federal Reserve.

Docket

04:00 ET
German IFO Expectations
Median Forecast 86.4 | Prior 86.8 | Range 96.5/85.2

German IFO Current Conditions
Median Forecast 86.0 | Prior 86.5 | Range 87.1/85.0

German IFO Business Climate
Median Forecast 86.0 | Prior 86.6 | Range 87.4/85.0

Speakers

04:30 ET
ECB’s Muller Speaks

Good luck!