Morning Juice – Europe Session Prep
Good morning, Traders!
It is Friday, the 31st of January. Here is what to expect for the day.
Sentiment
Trump’s reiterated threat to impose 25% tariffs on imports from Canada and Mexico on February 1 rocked foreign exchange markets late in the New York trading session, pushing both countries’ currencies down against the dollar. Gold surged to a new high as investors fled to safety.
The pace of price inflation in Tokyo has accelerated, while other economic data suggests that Japan’s moderate recovery is continuing, supporting the central bank’s economic outlook a week after policymakers lifted the benchmark rate again.
US regulators are looking into whether Chinese AI firm DeepSeek purchased advanced Nvidia semiconductors through third parties in Singapore, violating US limitations on the sale of chips required for AI tasks, according to people familiar with the situation.
Oil rose as Trump maintained threats to levy tariffs against Canada and Mexico beginning Saturday, though crude flows may be spared from the penalties.
Events
02:45 ET
French CPI YoY NSA Prelim
Median Forecast 1.5% | Prior 1.3%
French CPI MoM NSA Prelim
Median Forecast 0% | Prior 0.2%
French HICP YoY Prelim
Median Forecast 1.9% | Prior 1.8%
03:55 ET
German Unemployment Rate
Median Forecast 6.1% | Prior 6.1%
German Unemployment Change SA
Median Forecast 15k | Prior 10k
08:00 ET
German HICP YoY Prelim
Median Forecast2.8% | Prior 2.8%
German CPI YoY Prelim
Median Forecast 2.6% | Prior 2.6%
Good luck!