Morning Juice – Europe Session Prep
Good morning, Traders!
It is Wednesday, the 8th of January. Here is what to expect for the day.
Sentiment
China maintained its firm control on the Yuan with its daily reference rate, despite an overnight rise in the Dollar that threatened to undermine sentiment towards the regulated currency and its Asian counterparts.
An important indicator of Australian inflation fell in November, bringing it closer to the central bank’s target band, implying that policymakers may have room to contemplate easing sooner rather than later. The Australian Dollar plummeted.
South Korea’s anti-corruption commission has obtained an extension of the arrest order for impeached President Yoon Suk Yeol, and a second effort to apprehend the embattled leader might take place as early as Wednesday.
Investors in China’s $11 trillion government bond market have never been more negative about the world’s second-largest economy, with some betting on a deflationary cycle similar to Japan’s in the 1990s.
Trump has demanded that NATO states spend 5% of their economic output on defence, more than doubling the present aim.
Events
02:00 ET
German Industrial Orders MoM
Median Forecast -0.2%% | Prior -1.5%
Good luck!
