Morning Juice – Europe Session Prep

Good Morning Traders.
It is Thursday the 18th of June. Here is what to look out for today.

Sentiment
President Donald Trump signed an interim deal to end the war with Iran and reopen the Strait of Hormuz, speeding up the timeline for the agreement to go into effect despite blowback from Republicans who said it amounted to a victory for Tehran. Kevin Warsh began his tenure as chairman of the Federal Reserve with a solemn vow to curb inflation and a clear sign that he plans to swiftly revamp how the US central bank does its job Federal Reserve officials left interest rates unchanged and were split over whether they expect to raise rates this year Policymakers’ new projections indicated nine officials foresee at least one quarter-point hike this year, with six anticipating at least two. Another nine expected no move or a cut Oil fell as an interim US-Iran peace deal went into effect, putting the focus on how quickly transits through the Strait of Hormuz can be ramped up as Persian Gulf producers restart shut-in fields. Strategists say markets are on watch for yen intervention after the Federal Reserve took a hawkish stance at Kevin Warsh’s debut meeting as governor, triggering a drop in the currency to levels that have previously prompted Japan’s finance ministry to step in. New Zealand’s economy sparked into life in the first three months of the year, responding to low interest rates and a lift in spending that largely pre-dated the Iran war. An overwhelming majority of Bank of Japan watchers anticipate the central bank will raise interest rates again by the end of this year, following a hike to the highest level since 1995 earlier this week, according to a Bloomberg survey.

Docket
02:00 ET
UK Employment
Unemployment Rate – Forecast: 5% | Prior: 5% | Range: 5.2% / 5%
Employment Change SA – Forecast: -23k | Prior: -100k | Range: -10k / -32k
Employment Change 3m/3m – Forecast: 73k | Prior: 148k | Range: 97k / -30k
Average Weekly Earnings YoY – Forecast: 4% | Prior: 4.1% | Range: 4.2% / 3.8%

03:30 ET
Swiss Interest Rate
Forecast: 0% | Prior: 0% | Range: 0.25% / 0%

07:00 ET
BoE Interest Rate
Forecast: 3.75% | Prior: 3.75% | Range: 3.75% / 3.75%