Morning Juice – Europe Session Prep

Good Morning Traders! This Thursday we get Swiss CPI and Euro Area PMI.

Here is what to expect for the day.

Sentiment

A late yen surge in New York fueled speculation Japanese authorities intervened for a second time this week, before the currency began to weaken again in Tokyo trading, paring much of the move.

Japan’s top currency official declined to say if authorities stepped into the foreign exchange market early Thursday in Tokyo, in a comment following a sharp strengthening of the yen Federal Reserve Chair Jerome Powell kept hopes alive for an interest-rate cut this year while acknowledging that a burst of inflation has reduced policymakers’ confidence that price pressures are ebbing

Traders on Wall Street cheered on Wednesday when Federal Reserve Chair Jerome Powell signaled he didn’t see oncoming interest-rate hikes despite inflationary pressures. The celebration didn’t last long.

Docket

02:30 ET
Swiss CPI YoY
Median Forecast 1.1% | Prior 1.0% | Range 1.4%/0.9%

Swiss CPI MoM
Median Forecast 0.1% | Prior 0.0% | Range 0.2%/-0.1%

03:50 ET
French Mfg PMI Final
Median Forecast 44.9 | Prior 44.9 | Range 44.9/44.9

03:55 ET
German Mfg PMI Final
Median Forecast 42.2 | Prior 42.2 | Range 42.5/42.2

04:00 ET
Eurozone Mfg PMI Final
Median Forecast 45.6 | Prior 45.6 | Range 46.2/45.6

Good Luck today, Traders!