Morning Juice – Europe Session Prep
Good morning, Traders.
It is Thursday, the 7th of November, here is what to expect for the day.
Sentiment
China’s export growth accelerated in October to the quickest in more than two years, extending a months-long streak of resilience that helped keep the economy afloat ahead of a barrage of stimulus measures targeted at boosting domestic demand.
Democrats’ expectations for a major check on Donald Trump by controlling the US House are dwindling, with Republicans increasingly confident they will maintain total control in Washington ahead of next year’s big disputes over tax reform and spending.
China cut its currency’s daily reference rate to a level not seen since late 2023, indicating that the central bank is permitting devaluation following a rally in the Dollar that battered the Yuan.
The Pound climbed against the Dollar ahead of the BoE’s interest rate decision. A gauge of the Dollar fell as traders waited to see if the Fed will relax monetary policy later Thursday.`
Events
02:00 ET
German Industrial Production YoY SA
Median Forecast -3% | Prior -2.51% | Range -1.7% | -3.4%
German Industrial Production MoM
Median Forecast -1% | Prior 2.9% | Range 0.2% | -2%
07:00 ET
BoE Rate Statement
BoE Bank Rate
Median Forecast 4.75%| Prior 5% | Range 4.75%
Good luck!
