Morning Juice – Europe Session Prep
Good morning, Traders!
It is Wednesday, the 5th of February. Here is what to expect for the day.
Sentiment
During a news conference with Netanyahu, Trump recommended that the US take over the Gaza Strip and assume responsibility for rebuilding the war-torn country.
Japanese nominal wages increased at the strongest rate in over three decades, supporting the BoJ’s most recent rate hike decision and keeping the bank on track for additional tightening measures.
China increased its support for the Yuan by establishing its daily reference rate for the controlled currency at a level stronger than 7.2 per Dollar, as rising trade tensions with the US add to the depreciation pressure on the Yuan.
Trump told reporters that there is no urgency to communicate with Xi and that he will do it when it is right.
Events
03:55 ET
German Services PMI
Median Forecast 52.5 | Prior 52.5
03:55 ET
German Composite PMI Final
Median Forecast 50.1 | Prior 50.1
04:30 ET
UK Services PMI Final
Median Forecast 51.2 | Prior 51.2
UK Composite PMI Final
Median Forecast 50.9 | Prior 50.9
Good luck!