Morning Juice – Europe Session Prep

Good Morning Traders! This Wednesday we get German Industrial Production.

Here is what to expect for the day.

Sentiment

Bank of Japan Governor Kazuo Ueda said a monetary policy reaction may be needed based on the impact of foreign currency rates, which are a significant factor impacting the economy and inflation.

According to Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, additional data is required to determine if progress towards returning inflation to the 2% objective has stagnated.

Former Treasury Secretary Steven Mnuchin said a strong currency is a benefit in helping the US fund massive budget deficits for the time being, but urged on the victor of November’s presidential election to lead a fresh drive to rein in the federal debt load.

Rising rents in many rich nations are proving to be a persistent challenge for central banks as they attempt to bring down inflation once and for all during this tightening cycle.

Docket

02:00 ET
German Industrial Production YoY SA
Median Forecast: -3.6% | Prior -4.76% | Range -2.6%/-4.6%

German Industrial Production MoM
Median Forecast: -0.7% | Prior 2.1% | Range 2.1%/-2.0%

Good Luck today, Traders!