Morning Juice – Europe Session Prep

Good Morning Traders.
It is Thursday the 19th of March. Here is what to look out for today.

Sentiment
The Bank of Japan kept its policy rate unchanged as uncertainty surrounding the Middle East conflict clouds the economic outlook. Oil rose after attacks on some of the Middle East’s most important energy facilities, raising concerns of a more severe impact from the almost three-week-old conflict. Brent advanced as much as 5.1% to almost $113 a barrel, while the most-active contract for West Texas Intermediate was near $96 Iran and Israel traded strikes on key energy facilities in the Middle East, complicating US efforts to curb turmoil in markets as the conflict stretched toward three weeks. A Qatari complex housing the world’s largest liquefied natural gas export plant suffered “extensive damage” amid a sharp escalation of attacks on energy facilities across the Persian Gulf. Federal Reserve Chair Jerome Powell made it clear the US central bank won’t cut interest rates again until inflation resumes cooling. And that’s before it even starts considering the possible impact of the war in the Middle East. Australian unemployment stayed relatively low in February as job gains continued, reinforcing the Reserve Bank’s view that the economy remains resilient enough to withstand tighter monetary policy.

Docket
03:00 ET
UK Employment
Unemployment Rate – Forecast: 5.3% | Prior: 5.2% | Range: 5.3% / 5.2%
Employment Change – Forecast: -10K | Prior: -11K | Range: 13K / -20K
Employment Change 3m/3m – Forecast: -12K | Prior: 52K | Range: 60K / -90K
Average Weekly Earnings YoY – Forecast: 3.9% | Prior: 4.2% | Range: 4.1% / 3.7%

04:30 ET
Swiss Interest Rate
Forecast Rates Unchanged
Swedish Riksbank
Forecast Rates Unchanged

08:00 ET
BoE Interest Rate
Forecast Rates Unchanged

09:15 ET
ECB Interest Rate
Forecast Rates Unchanged