Morning Juice – Europe Session Prep
Good Morning Traders! This Friday we get UK GDP, French CPI and German Unemployment figures.
Here is what to expect for the day.
Sentiment
Japan’s finance minister announced the appointment of a new currency czar at a time when the yen is trading around its lowest level in nearly four decades.
Japanese Finance Minister Shunichi Suzuki says he’s highly concerned about the impact of quick and one-sided currency movements on the economy, and the government is observing FX events with a high level of urgency.
Inflation in Tokyo surged in June on the back of increasing energy prices, while industrial production grew more than predicted in May, presumably putting the Bank of Japan on track to contemplate raising interest rates as early as July.
The IMF stated Thursday that the US is running large deficits and is weighted down by too much debt, and it warned of the perils of more aggressive trade policies.
Docket
02:00 ET
UK GDP QoQ
Median Forecast 0.6% | Prior 0.6% | Range 0.6%/0.5%
UK GDP YoY
Median Forecast 0.2% | Prior 0.2% | Range 0.2%/0.1%
02:45 ET
French CPI YoY NSA Prelim
Median Forecast 2.2% | Prior 2.3% | Range 2.3%/2.0%
French CPI MoM NSA Prelim
Median Forecast 0.1% | Prior 0.0% | Range 0.2%/-0.1%
French HICP YoY Prelim
Median Forecast 2.5% | Prior 2.6% | Range 2.7%/2.3%
03:55 ET
German Unemployment Rate
Median Forecast 5.9% | Prior 5.9% | Range 6.0%/5.9%
German Unemployment Change SA
Median Forecast 15k | Prior 25k | Range 20k/5k
Speakers
02:00 ET
ECB’s Villeroy Speaks
06:00 ET
ECB’s Villeroy Speaks
Fed’s Barkin Speaks
Good Luck today, traders!
