Morning Juice – Europe Session Prep

Good Morning Traders.
It is Thursday the 17th of July. Here is what to look out for today.

Sentiment
Australian unemployment unexpectedly climbed to a four-year high in June as hiring almost stalled, suggesting a loosening of the labor market and bolstering the case for the Reserve Bank to reduce interest rates next month. President Donald Trump denied he is seeking to remove Federal Reserve Chair Jerome Powell, after raising the idea in a closed-door meeting with congressional Republicans that leaked to the media.. President Donald Trump said he would send letters to more than 150 countries notifying them their tariff rates could be 10% or 15% as he forges ahead with his trade agenda. Japan’s exports fell for a second month as US President Donald Trump’s tariff campaign continued to weigh on trade, further raising the risk of a technical recession for the nation’s sputtering economy.

Docket
02:00 ET
UK Employment
Change SA – Forecast: -35k, Prior: -109k, Range: -15k / -80k
Change 3M/3M – Forecast: 46k, Prior: 89k, Range: 70k / 30k
Unemployment Rate – Forecast: 4.6%, Prior: 4.6%, Range: 4.7% / 4.6%

05:00 ET
Eurozone CPI
YoY – Forecast: 2%, Prior: 2%, Range: 2% / 2%
MoM – Forecast: 0.3%, Prior: 0.3%, Range: 0.3% / 0.3%