Morning Juice – Europe Session Prep
Good morning, Traders!
It is Monday, the 13th of January. Here is what to expect for the day.
Sentiment
China increased its support for the Yuan with a warning and changes to capital controls after the Dollar surged to a near-record low in offshore trading. Chinese exports reached a record high in December, jumping 10.7% to $336 billion.
Oil prices rose to their highest in more than four months as a new wave of US sanctions against Russia’s energy industry threatened to limit supplies in an already tight global market.
Justin Trudeau says Canada is prepared to respond with counter-tariffs against the US if Trump follows through on his promise to start a trade war in North America.
Bond investors will await the latest US inflation report in the coming week, following a selloff that wrecked havoc across the $28 trillion Treasury complex.
Traders in the options market expect the Pound to fall by up to 8% further as fiscal problems that triggered a brutal sell-off throughout UK markets last week weigh on the currency.
Good luck!
