Morning Juice – Europe Session Prep

Good Morning Traders.
It is Monday the 5th of January. Here is what to look out for today.

Sentiment
Oil fluctuated as traders weighed the fallout from the US capture of Venezuelan President Nicolás Maduro on global crude supply and its wider impact on the nation’s energy sector. Secretary of State Marco Rubio said the US will use leverage over oil to force further change in Venezuela as he seizes a long- awaited chance to try to shape Latin America in Washington’s favor. The US raid that captured Venezuelan President Nicolas Maduro put America’s allies and adversaries on notice: President Donald Trump has a new world order of his own. China’s services activity expanded at a slower pace in December, according to a private survey, despite signs the economy ended the year on a high. Bank of Japan Governor Kazuo Ueda used his first public appearance in the new year to underscore his intention to keep raising the benchmark rate in a speech to private bankers. Gold and silver advanced, with investors seeking the safety of precious metals to counter heightened geopolitical risks following the US capture of Venezuelan leader Nicolás Maduro.

Docket
04:30 ET
BoE Consumer Credit
Forecast: 1.1B | Prior:1.1B% | Range: 1.4B / 1B