Morning Juice – Europe Session Prep

Good Morning Traders.
It is Monday the 12th of May. Here is what to look out for today.

Sentiment
The dollar strengthened against haven currencies like the Swiss franc and yen but weakened versus commodity-sensitive peers like the Australian and New Zealand dollars as risk sentiment improved following US-China trade talks. The US and China both reported “substantial progress” after two days of talks in Switzerland aimed at de-escalating a trade war, marking what Chinese Vice Premier He Lifeng called “an important first step” toward resolving differences. Donald Trump’s effort to secure peace in Ukraine is reaching a decisive moment with Ukraine’s Zelenskiy challenging Putin to engage in talks this week Oil steadied as traders waited for details on US-China trade talks, after both countries reported “substantial progress” following two days of negotiations aimed at de-escalating a trade war that threatens crude demand. Bond investors are coming to terms with Jerome Powell’s message that the Federal Reserve is in no-rush to start cutting interest rates

Speakers
04:00 ET
BoE’s Lombardelli gives the keynote speech at the Bank of England Bank Watchers conference 2025 at King’s Business School.

06:30 ET
BoE’s Green speaks on a panel at the Bank of England Bank Watchers’ conference 2025 at King’s Business School.