Morning Juice – Europe Session Prep
Good morning, Traders!
It is Friday, the 24th of January. Here is what to expect for the day.
Sentiment
In Japan, the Yen rose against the Dollar as the BoJ hiked interest rates for the first time since July. During Ueda’s press conference, it briefly broke below the important 155 level against the Dollar before reversing as traders digested his remarks.
Trump said he would ask Saudi Arabia and other OPEC countries to “bring down the cost of oil,” portraying the push for increased crude output as a method to put more pressure on Russia and assist in resolving the almost three-year conflict in Ukraine.
On Thursday, an auction of inflation-protected US Treasuries yielded the highest return in over a decade.
A big boom in emerging-market junk bonds has inspired investor interest in two of the most unlikely trades: Dollar-denominated debt from Venezuela and Lebanon.
Events
03:15 ET
French Manufacturing PMI Flash
Median Forecast 42.5 | Prior 41.9
03:30 ET
German Services PMI Flash
Median Forecast 51 | Prior 51.2
German Manufacturing PMI Flash
Median Forecast 42.7 | Prior 42.5
German Composite PMI Flash
Median Forecast 48.3 | Prior 48
04:00 ET
Eurozone Manufacturing PMI Flash
Median Forecast 45.4 | Prior 45.1
04:30 ET
UK Services PMI Flash
Median Forecast 50.8 | Prior 51.1
UK Manufacturing PMI Flash
Median Forecast 47 | Prior 47
UK Composite PMI Flash
Median Forecast 50.1 | Prior 50.4
Good luck!