Morning Juice – Europe Session Prep

Good Morning Traders.
It is Wednesday the 28th of January. Here is what to look out for today.

Sentiment
The dollar slumped to its lowest since early 2022 after President Donald Trump indicated he’s comfortable with its recent decline Oil held near a four-month high as traders monitored President Donald Trump’s renewed threats against Iran, while a weaker dollar boosted the appeal of commodities priced in the US currency. Australia’s core inflation remained elevated last quarter, suggesting price pressures aren’t abating at the desired pace and providing the Reserve Bank with further evidence that interest rates may need to move higher. Investors are on guard for the risk of another meltdown in Japan’s bond market on Wednesday when the government sells 40-year notes, a tenor that has proved vulnerable to sharp swings. President Donald Trump’s comments that he didn’t think the dollar had weakened excessively have accelerated a debate about a possible concerted move to depreciate the world’s reserve currency.

Docket
02:00 ET
German GFK Consumer Sentiment
Forecast: -25.5 | Prior: -26.9 | Range: -22 / -28