Morning Juice – Europe Session Prep

Good Morning Traders! This Monday we get UK CBI numbers and comments from ECB speakers.

Here is what to expect for the day.

Sentiment

Oil dipped following its first back-to-back weekly declines this year, as traders considered Iran and Israel’s likely next moves amid simmering Middle East tensions.

The world’s financial markets are meeting a force they did not predict for 2024: The dollar is strong again, and it appears to be sticking around.

The US approval of more than $60 billion in aid provides a lifeline to Ukraine’s embattled military, but it is unlikely to reverse the course of the war on its own.

Uncertainty about oil prices will not deter the European Central Bank from cutting interest rates for the first time in June. Governing Council member Francois Villeroy de Galhau stated.

Docket

06:00 ET 
UK CBI Orders
Median Forecast -16 | Prior -18

Good Luck today, Traders!