Morning Juice – Europe Session Prep

Good Morning Traders.
It is Wednesday the 27th of May. Here is what to look out for today.

Sentiment
New Zealand’s central bank held interest rates for a third straight meeting, but only after policymakers were evenly split on whether to hike in order to head off medium-term inflation. Australia’s core inflation remained above the top of the Reserve Bank’s target in April, reinforcing expectations policymakers will maintain a hawkish tone following rapid fire interest-rate hikes this year. The US is touting progress toward a peace deal with Iran to end the nearly three-month war, even amid fresh hostilities and uncertainty over the vital Strait of Hormuz. Oil edged lower on optimism that the US and Iran will reach a peace deal despite fresh hostilities and uncertainty over the vital Strait of Hormuz. Japan’s 40-year government bond auction draws stronger demand than its 12-month average. The bid-to-cover ratio is 2.70, compared with 2.54 at the last sale and a 12-month average of 2.47.

Docket
02:45 ET
French Consumer Confidence
Forecast: 83 | Prior: 84 | Range: 85 / 81