Morning Juice – Europe Session Prep

Good Morning Traders.
It is Wednesday the 10th of June. Here is what to look out for today.

Sentiment
Oil rebounded after the US launched fresh strikes against Iran following the downing of an American helicopter, posing a new threat to a fragile truce that’s been tested by recent attacks in the Middle East. Bond traders are piling into positions targeting multiple Federal Reserve interest-rate hikes in the coming months, with some looking for a move as early as the September policy meeting. Bank of Japan watchers are penciling in two hikes to the benchmark interest rate this year – with the first coming next week – as they increasingly see the war in Iran as likely to spark a sustained run of inflation. The UK Treasury continues to resist a push to speed up an increase in defense spending, just days out from unveiling the country’s long-delayed military investment plan. The Canadian dollar slid to its lowest level since December on Tuesday, as traders anticipated the Bank of Canada will be slower than its global peers to raise interest rates. South Korea has escalated its defense of the won, moving from an emergency weekend meeting and warnings against speculative trading to the first joint inspections of major foreign-exchange banks in 14 years.