Morning Juice – Europe Session Prep

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

Sentiment
Australia’s central bank assessed the economic outlook had “materially shifted” when it decided to execute a U-turn and raise interest rates this month, even as policymakers stopped short of signaling a follow-up move, minutes of its Feb. 2-3 meeting showed. Oil was steady after its biggest gain in a week, as Iran carried out naval drills near a major regional transit choke-point before talks with the US later Tuesday. President Donald Trump said that he’s discussing future weapons sales to Taiwan with Chinese President Xi Jinping and teased that he would soon make a decision about future defense support for the self-governing island. The Bank of Japan is likely to seize on a raft of new data available in April as an opportunity to raise its benchmark interest rate, looking past rumblings in the market over the possibility of a move in March, according to a former BOJ board member.

Docket
02:00 ET
UK Employment
Employment Change SA – Forecast: -20K | Prior: -43K | Range: 0K / -30K
Employment Change 3M/3M – Forecast: 108K | Prior: 82K | Range: 140K / 34K
Unemployment Rate – Forecast: 5.1% | Prior: 5.1% | Range: 5.2% / 5.1%
Average Weekly Earnings – Forecast: 4.6% | Prior: 4.7% | Range: 4.7% / 4.4%
German CPI
YoY – Forecast: 2.1% | Prior: 2.1% | Range: 2.2% / 2.1%
MoM – Forecast: 0.1% | Prior: 0.1% | Range: 0.1% / 0.1%
HICP YoY – Forecast: 2.1% | Prior: 2.1% | Range: 2.1% / 2.1%
HICP MoM – Forecast: -0.1% | Prior: -0.1% | Range: -0.1% / -0.13%

05:00 ET
German ZEW
Current Conditions – Forecast: -65.9 | Prior: -72.7 | Range: -60 / -70
Economic Sentiment – Forecast: 65.2 | Prior: 59.6 | Range: 77.4 / 58