Good Morning Traders! This Monday we get a very quiet session on the cards for Europe.
Here is what to be aware of.
Sentiment
The yen dropped to its worst level in nine months as a result of Japan's interest rate differential with the US, which is pushing the currency towards levels where Tokyo policymakers intervened last year.
The US will avoid a recession, according to an increasing number of experts, including the staff of the Federal Reserve, but it won't be until well into 2024 before anyone can be certain of it.
The Federal Reserve will start cutting interest rates by the end of next June, according to economists at Goldman Sachs, and will do so gradually over the next three quarters.
Docket
02:00 AM ET
German Wholesale Price Index MoM
Prior -0.2%
Good Luck Today Traders!
