Morning Juice – Europe Session Prep

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

Sentiment
Australia’s central bank raised its key interest rate for a second straight meeting on Tuesday, stepping up its battle against stubborn inflation as rising energy costs from the widening war in Iran threaten to intensify price pressures. Japan’s finance minister said recent currency moves are not in line with fundamentals, reiterating warnings of possible action by authorities to counter the moves. Oil rose after its first decline in almost a week, as investors assessed threats to supplies in the Middle East against attempts to ease a short-term crunch. President Donald Trump reiterated his appeals for help from other nations to secure the Strait of Hormuz, saying that Iran was nearly obliterated even as the war keeps roiling oil markets and global shipping. Canada is considering eventual membership in a UK-led multinational rapid response force, but its immediate priority is rebuilding its military and reducing reliance on the US, Defense Minister David McGuinty said. President Donald Trump requested a delay to his summit with Chinese leader Xi Jinping for about a month, saying it was important for him to remain in Washington to oversee the Iran war.

Docket
06:00 ET
German ZEW
Current Conditions – Forecast -68, Previous -65.9 | Range: -61.6 / -72.7
Economic Sentiment – Forecast 39.2, Previous 58.3 | Range: 60 / 10