Morning Juice – Europe Session Prep

Good Morning Traders! This Tuesday we get UK Unemployment Rate.

Here is what to expect for the day.

Sentiment

The onshore Yuan drops to its lowest point since November as the dollar rises on expectations that the Fed won’t quickly lower interest rates in the face of a strong economy.

Australia’s business confidence declined and the country’s conditions fell to below-average levels, indicating that the corporate sector is being negatively impacted by high interest rates and a gloomy consumer outlook.

At a policy meeting that ends on Friday, the Bank of Japan is likely to talk about reducing its bond purchases. Some investors also anticipate that the central bank will set the stage for an interest rate increase the following month.

Oil had its largest increase since March ahead of an OPEC report that will offer a quick overview of the state of the market.

Docket

02:00 ET
UK Unemployment Rate
Median Forecast: 4.3% | Prior 4.3% | Range 4.4%/4.3%

02:00 ET
UK Employment Change SA
Median Forecast: -10k | Prior -85k | Range 20k/-45k

Good Luck today, traders!