Morning Juice – Europe Session Prep
Good Morning Traders! This Thursday we get German Industrial Orders and the ECB Interest Rate Decision later on.
Here is what to expect for the day.
Sentiment
Toyoaki Nakamura, a Board Member of the Bank of Japan, believes it is acceptable to retain present monetary policy settings for the time being, considering recent economic statistics.
China’s property equities are on course to enter a technical bear market as questions linger over Beijing’s attempts to boost the industry.
Australian house loans to property investors surged for the third straight month in April, climbing at a higher rate than owner-occupiers, as rising residential rents made housing an even more appealing investment.
Oil gained for a second day, even as Saudi Arabia signalled concerns about the demand forecast by cutting its crude pricing.
Bond industry experts expect a grim US budgetary future, which will keep debt expanding and maintain elevated long-term Treasury rates.
Docket
02:00 ET
German Industrial Orders MoM
Median Forecast: 0.6% | Prior -0.4% | Range 3.0%/-3.1%
08:15 ET
ECB Interest Rate
Median Forecast: 4.25% | Prior 4.50% | Range:4.50%/4.00%
ECB Deposit Rate
Median Forecast: 3.75% | Prior 4.00% | Range 4.00%/3.50%
Good Luck today, traders!
