Morning Juice – Europe Session Prep

Good morning, Traders.
It is Tuesday, the 22nd of October, here is what to expect for the day.

Sentiment

Mary Daly, president of the Federal Reserve Bank of San Francisco, stated that she anticipated the US central bank will keep lowering interest rates in order to prevent the labour market from becoming even more fragile.

Given the uncertainties around the ultimate rate drop by the US central bank, Jeffrey Schmid, president of the Federal Reserve Bank of Kansas City, stated that he prefers a slower pace of interest rate decreases.

In order to keep the foreign exchange market steady, China will make counter-cyclical adjustments on schedule, according to a briefing by Li Hongyan, deputy chief of SAFE.

Due to a poor economy that reduced demand for imports, New Zealand reported its smallest yearly trade deficit in almost two years.

In his so far fruitless attempt to broker a cease-fire between Israel and militants backed by Iran since the attack on Israel more than a year ago, US Secretary of State Antony Blinken left Monday for his eleventh trip to the Middle East.

After climbing over 2% on Monday, oil stabilised as traders monitored Middle East tensions and broader markets adopted a risk-off stance.

Good luck!