Morning Juice – Europe Session Prep

Good Morning Traders.
It is Tuesday the 31st of March. Here is what to look out for today.

Sentiment
President Trump told aides he’s willing to end the U.S. military campaign against Iran even if the Strait of Hormuz remains largely closed, administration officials said, likely extending Tehran’s firm grip on the waterway and leaving a complex operation to reopen it for a later date. Oil turned lower after the Wall Street Journal reported President Donald Trump told aides he’s willing to end the military campaign in Iran even if the crucial Strait of Hormuz remains largely closed Iran hit a fully laden Kuwaiti oil tanker in the anchorage area of Dubai’s port, damaging the hull and starting a fire on board in an escalation of attacks on shipping in the Persian Gulf Federal Reserve Chair Jerome Powell said longer-term inflation expectations appear to be in check as the central bank assesses the effect from the US and Israel’s war against Iran. Tokyo inflation cooled to its slowest pace in nearly two years as gains in food costs continued to slow, with prospects for higher energy prices owing to the war in Iran likely to keep the Bank of Japan on track for further rate increases. Australia’s central bank said it’s impossible to confidently predict the path for policy after raising interest rates for a second time this year as a surge in oil prices from the Middle East war fans inflation risks.

Docket
02:00 ET
UK GDP
QoQ – Forecast: 0.1% | Prior: 0.1% | Range: 0.1% / 0.1%
YoY – Forecast: 1% | Prior: 1% | Range: 1% / 1%
UK Current Account – Forecast: -23.8B | Prior: -12.1B | Range: -21.2B / -29.7B
UK Business Investment – Forecast: -2.7% | Prior: -2.7% | Range: -2.2% / -2.7%

02:45 ET
French CPI
YoY – Forecast: 1.6% | Prior: 0.9% | Range: 1.7% / 1%
MoM – Forecast: 0.9% | Prior: 0.6% | Range: 1% / 0.8%
HICP YoY – Forecast: 1.9% | Prior: 1.1% | Range: 2.1% / 1.5%
HICP MoM – Forecast: 1% | Prior: 1.7% | Range: 1.8% / 0.8%

03:55 ET
German Unemployment
Rate – Forecast: 6.3% | Prior: 6.3% | Range: 6.4% / 6.3%
Change – Forecast: 2K | Prior: 1K | Range: 15K / 0K

05:00 ET
Eurozone CPI
YoY – Forecast: 2.6% | Prior: 1.9% | Range: 3.13% / 2%
MoM – Forecast: 1.3% | Prior: 0.6% | Range: 1.6% / 1.2%
Core YoY – Forecast: 2.4% | Prior: 2.4% | Range: 2.7% / 2.2%