Morning Juice – Europe Session Prep
Daily Dose, EU

Morning Juice – Europe Session Prep

Good Morning Traders! This Thursday we get the ECB interest rate decision.

Here is what to expect for the day.


Bank of Japan Board Member Junko Nakagawa noted progress towards meeting the bank’s pricing target, indicating a potential interest rate increase.

Japan’s nominal cash wages increased by 2% in January from the previous year, following a corrected 0.8% increase in December, according to the labour ministry on Thursday. The results exceeded economists’ consensus of 1.2% growth.

According to Japan’s UA Zensen, full-time workers received an average 6.7% pay raise during spring salary discussions.

The US administration is pressuring allies including the Netherlands, Germany, South Korea, and Japan to further tighten limitations on China’s access to semiconductor technology, a controversial campaign that is generating criticism in certain countries, according to people familiar with the situation.

Oil remained around its highest level since November, buoyed by strong US petrol consumption and indications that the Federal Reserve will decrease interest rates this year.


02:00 ET
German Industrial Orders MoM
Median Forecast -6% | Prior 8.9% | Range 1%/-10%

08:15 ET
ECB Interest Rate
Median Forecast 4.5% | Prior 4.5% | Range 4.5%/4.5%

ECB Deposit Rate
Median Forecast 4% | Prior 4% | Range 4%/4%

ECB Rate Statement


Good Luck today, Traders!