Morning Juice – Europe Session Prep

Good Morning Traders.
It is Thursday the 25th of September. Here is what to look out for today.

Sentiment
Federal Reserve Bank of San Francisco President Mary Daly said further interest-rate cuts are likely needed, but the US central bank should approach those with caution. Japan’s 40-year government bond auction drew a demand ratio that was stronger than its 12-month average, easing concerns about super-long debt despite domestic political uncertainties ahead of Japan’s ruling party leadership race. The bid-to-cover ratio, a measure of demand, came in at 2.60 compared with 2.127 at the previous auction and a 12-month average of 2.47. One member of the Bank of Japan’s policy board said the bank shouldn’t be overly cautious and risk missing an opportunity to raise interest rates, according to minutes from the July 30-31 policy meeting China will offer more high-credit-rating yuan assets, such as offshore government bonds, in the Hong Kong market. People’s Bank of China Deputy Governor Zou Lan says in a fixed income and currency forum in the city.

Docket
02:45 ET
French Consumer Confidence – Forecast: 87 | Prior: 87 | Range: 87 / 84

03:30 ET
Swiss Interest Rate – Forecast: 0% | Prior: 0% | Range: 0% / 0%

04:00 ET
SNB Press Conference
ECB Economic Bulletin
Eurozone M3 Money Growth – Forecast: 3.3% | Prior: 3.4% | Range: 3.6% / 2.9%

Speakers
02:45 ET
ECB’s Kazimir Presents Macro Forecasts