Morning Juice – Europe Session Prep

Good Morning Traders.
It is Tuesday the 6th of January. Here is what to look out for today.

Sentiment
Saudi Arabia dropped the price of its flagship crude grade to Asia for a third month on persistent signs of oversupply in the market Copper extended its powerful rally after bursting through $13,000 a ton for the first time, as a renewed rush to ship metal to the US fired up bullish traders and investors. Treasuries rose to kick off the week after a report signaled a weakening US economy, with investors targeting a move in the benchmark 10-year yield below 4% in the coming weeks. The Trump administration does not want to occupy Venezuela, Washington’s envoy to the United Nations said on Monday, as the US faced intense criticism at a meeting to discuss the stunning special forces raid that captured Nicolas Maduro.

Docket
02:45 ET
French CPI
YoY – Forecast: 0.9% | Prior:0.9% | Range: 1% / 0.7%
MoM – Forecast: 0.2% | Prior: -0.2% | Range: 0.3% / 0.1%
HICP YoY – Forecast: 0.7% | Prior: 0.8% | Range: 0.9% / 0.6%
HICP MoM – Forecast: 0.2% | Prior: -0.2% | Range: 0.3% / 0%

03:50 ET
French PMI’s
Services – Forecast: 50.2 | Prior: 50.2 | Range: 50.6 / 50.2
Composite – Forecast: 50.1 | Prior: 50.1 | Range: 50.2 / 49.9

03:55 ET
German PMI’s
Services – Forecast: 52.6 | Prior: 52.6 | Range: 52.8 / 52.6
Composite – Forecast: 51.5 | Prior: 51.5 | Range: 51.5 / 51.1

04:00 ET
Eurozone PMI’s
Services – Forecast: 52.6 | Prior: 52.6 | Range: 52.8 / 52.6
Composite – Forecast: 51.9 | Prior: 51.9 | Range: 51.9 / 51.7

04:30 ET
UK PMI’s
Services – Forecast: 52.1 | Prior: 52.1 | Range: 52.3 / 52
Composite – Forecast: 52.1 | Prior: 52.1 | Range: 52.2 / 51.9