Morning Juice – Europe Session Prep

Good Morning Traders
It is Monday, the 12th August, here is what to expect for the day.

Sentiment

Federal Reserve Governor Michelle Bowman said she still sees upside risks for inflation and ongoing improvement in the labour market, signalling she may not be ready to back a rate cut when US central bankers next meet in September.

Oil stabilised following its first weekly increase since early July, with the market still waiting for Iran’s response to last month’s death of Hamas leader in Tehran.

The Bank of Japan will not be able to raise the policy rate again this year, given the market instability that followed its previous boost and the low possibility of the nation’s economy experiencing a swift recovery, according to a former board member.

Docket

08:00 ET
OPEC Monthly Report

Good luck!