Morning Juice – Europe Session Prep
Good Morning Traders.
It is Tuesday the 18th of August. Here is what to look out for today.
Sentiment
The prospects for peace in the Middle East suffered a fresh setback, with President Donald Trump saying he’s not interested in extending the expiring agreement with Iran and fighting flaring anew in Lebanon. Oil climbed for a third day as prospects for a near-term resolution of the US-Iran war receded, with President Donald Trump saying he’s not interested in extending an expiring agreement with Tehran. Japan’s five-year government bond auction saw the strongest demand since June 2025. The bid-to-cover ratio was 4.15 vs 3.43 at the last auction; 12-month average is 3.34. The tail was 0.02 vs 0.03 for prior sale. Australian consumer confidence advanced this month in response to the Reserve Bank’s decision to extend a pause in interest-rate increases, though pessimism persisted over the broader economic outlook. Foreign holdings of US Treasuries fell in June from the previous month, led by declines in the stockpiles owned by Japan and China.
Docket
02:00 ET
UK Employment Data
Employment Change SA – Forecast: 0K | Prior: -0.4K | Range: 100K / -10K
Employment Change 3M/3M – Forecast: 130K | Prior: 148K | Range: 225K / 48K
Unemployment Rate – Forecast: 4.8% | Prior: 4.9% | Range: 4.9% / 4.6%
Average Weekly Earnings YoY – Forecast: 4% | Prior: 4.3% | Range: 4.2% / 3.9%
05:00 ET
German ZEW
Economic Sentiment – Forecast: 30 | Prior: 26.3 | Range: 40 / 28
Current Conditions – Forecast: -69.3 | Prior: -77.6 | Range: -63.9 / -72.5
