Morning Juice – Europe Session Prep

Good morning, Traders!
It is Wednesday, the 12th of February. Here is what to expect for the day.

Sentiment

At a press conference, Trade Minister Muto stated that the Japanese government has requested that the US exempt Japanese companies from steel and aluminium tariffs. A request was made to Washington on Wednesday, Japan time.

Fed Chair Powell said the central bank does not need to rush to change interest rates, indicating that officials will be cautious before further cutting borrowing costs.

Oil prices stabilised after an industry data showed a significant increase in US oil stocks, as the market braced for fresh trade salvos from Trump.

Australia is “killing” the US aluminium market, a senior trade adviser to Trump claimed, potentially undermining PM Albanese’s efforts to gain an exemption from tariffs that come into fruition next month.