Morning Juice – Europe Session Prep

Good Morning Traders.
It is Monday the 8th of July. Here is what to look out for today.

Sentiment
The euro edged lower versus the dollar while French bond futures declined after the results of the second round of French elections offered no party a path to claim the majority needed to govern the nation. Oil steadied after four weekly gains as traders tracked twin threats to production posed by a storm in the US and wildfires in Canada. The New Popular Front – which includes the Socialists and far-left France Unbowed – won 178 seats in the National Assembly, according to data compiled by the Interior Ministry. Marine Le Pen’s National Rally, which pollsters last week had seen winning the election, came third with 143, while President Emmanuel Macron’s centrist alliance notched up 156.

Docket
02:00 ET
German Exports MoM SA
Median Forecast: -2.8% | Prior: 1.6% | Range: -0.5% / -4%
German Imports MoM SA
Median Forecast: -1% | Prior: 2% | Range: 1.2% / -4%
German Trade Balance SA
Median Forecast: 20.3B | Prior: 22.1B | Range: 23B / 16B

04:30 ET
Eurozone Sentix Investor Confidence Index
Median Forecast: -0.5 | Prior: 0.3 | Range: 1.2 / -5