Morning Juice – Europe Session Prep

Good Morning Traders.
It is Thursday the 24th of April. Here is what to look out for today.

Sentiment
The Trump administration is considering whether to reduce certain tariffs targeting the auto industry that carmaker executives have warned would deal a severe blow to profits and jobs. Federal Reserve Bank of Cleveland President Beth Hammack said slowing the pace of the US central bank’s balance-sheet reduction may allow officials to continue the runoff for longer, while emphasizing there are costs to holding a portfolio that is larger than necessary. Foreign exchange traders are battling to hold onto their bearish dollar positions after the currency’s two-day rally Gold futures in Shanghai saw the largest intraday drop since 2013 midweek, as a frenetic bout of selling contributed to global bullion prices tumbling from a record.

Docket
02:45 ET
French Consumer Confidence
Forecast 91 | Prior: 92 | Range: 93 / 90

04:00 ET
German IFO
Expectations – Forecast 85 | Prior: 87.7 | Range: 95.8 / 81
Business Climate – Forecast 85.2 | Prior: 86.7 | Range: 86.2 / 81.5
Current Conditions – Forecast 85.4 | Prior: 85.7 | Range: 86 / 82

06:00 ET
UK CBI
Orders – Forecast -35 | Prior: -29 | Range: -34 / -44