Morning Juice – Europe Session Prep

Good Morning Traders! This Monday we get a quiet start to the week, with German state CPI and German CPI to cap out the session.

Here is what to expect for the day.

Sentiment

The yen has fallen well below levels seen as red lines for Japan, prompting traders to wonder when the government would begin purchasing the currency to stabilise it – and why they haven’t already.

Oil prices fell as the United States sought to arrange a peace accord between Israel and Hamas that would alleviate Middle Eastern geopolitical tensions.

The US Treasury is slated to maintain its sales of long-term debt unchanged under a new plan this week, with the government likely to receive respite shortly from the Federal Reserve’s sharp decline in its securities holdings.

China’s government bonds have once again avoided a collapse in the global debt market, demonstrating one of their commonly mentioned benefits for investors—a low correlation with their global rivals.

Docket

08:00 ET
German HICP YoY Prelim
Median Forecast 2.4% | Prior 2.3% | Range 2.6%/2.0%

German CPI YoY Prelim
Median Forecast 2.3% | Prior 2.2% | Range 2.4%/2.0%

Speakers

03:30 ET
ECB’s de Cos Speaks

Good Luck today, Traders!