Morning Juice – Europe Session Prep

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

Sentiment
Japan’s 20-year government bond auction saw stronger demand that its 12-month average. The bid-to-cover ratio was at 4.00 vs 3.09 at the last auction; 12-month average is 3.2. The tail was at 0.10 vs 0.13 for prior sale. Japan’s exports fell for the fourth consecutive month as US President Donald Trump’s tariffs continued to cloud the prospects for global commerce, especially for trade involving the US. US President Donald Trump said he spoke to Indian Prime Minister Narendra Modi in a move that offers to ease tensions between the two major economies amid a fight over tariffs and New Delhi’s purchases of Russian oil. China has released a Wells Fargo banker it earlier blocked from leaving the country, according to a person familiar with the matter, ahead of a potential in-person meeting between US President Donald Trump and Chinese President Xi Jinping. Federal Reserve officials are expected to backstop a faltering US labor market by lowering interest rates Wednesday, marking a shift after worries about tariff-induced inflation kept them on hold all year.

Docket
02:00 ET
UK CPI
YoY – Forecast: 3.8%, Prior: 3.8%, Range: 4% / 3.6%
MoM – Forecast: 0.3%, Prior: 0.1%, Range: 0.4% / 0.1%
RPI MoM – Forecast: 0.4%, Prior: 0.4%, Range: 0.9% / 0%
Core YoY – Forecast: 3.6%, Prior: 3.8%, Range: 3.9% / 3.4%
Services YoY – Forecast: 4.8%, Prior: 5%, Range: 5% / 4.5%

04:00 ET
ECB Wage Tracker

05:00 ET
Eurozone CPI
YoY – Forecast: 2.1%, Prior: 2.1%, Range: 2.1% / 2.1%
MoM – Forecast: 0.2%, Prior: 0.2%, Range: 0.2% / 0.2%
Core YoY – Forecast: 2.3%, Prior: 2.3%, Range: 2.2% / 2.3%