Morning Juice – Europe Session Prep

Good Morning Traders.
It is Thursday the 31st of July. Here is what to look out for today.

Sentiment
The Bank of Japan held its benchmark interest rate steady and raised its inflation outlook more than expected in a sign it may be closer to a rate hike, while continuing to warn that it’s still assessing the impact of President Donald Trump’s tariffs. Federal Reserve Chair Jerome Powell shrugged off pressure from the White House and rejected arguments for an interest-rate cut from two dissenting officials, maintaining that the central bank needed to stay on guard against inflation risk. China’s factory activity unexpectedly deteriorated in July to a six-month low despite a tariff truce with the US, as early signs emerge exports are slowing and weak domestic demand persists The US reached a trade agreement with South Korea that will impose a 15% tariff on imports, including autos, and sets up major investment in American energy and shipbuilding.

Docket
02:30 ET
BoJ Press Conference

02:45 ET
French CPI
YoY – Forecast: 1.0%, Prior: 1.0%, Range: 1.2% / 0.8%
MoM – Forecast: 0.4%, Prior: 0.2%, Range: 0.3% / 0.1%
HICP YoY – Forecast: 0.9%, Prior: 0.8%, Range: 1.0% / 0.4%
HICP MoM – Forecast: 0.4%, Prior: 0.2%, Range: 0.3% / 0.1%

03:55 ET
German Unemployment
Rate – Forecast: 6.3%, Prior: 6.3%, Range: 6.4% / 6.3%
Change – Forecast: 11.0k, Prior: 15.0k, Range: 5.0k / 15.0k

05:00 ET
Eurozone Unemployment Rate
Forecast: 6.3%, Prior: 6.3%, Range: 6.2% / 6.4%

08:00 ET
German CPI
YoY – Forecast: 2.0%, Prior: 2.0%, Range: 1.7% / 2.0%
MoM – Forecast: 0.2%, Prior: 0.0%, Range: 0.1% / 0.4%
HICP YoY – Forecast: 1.9%, Prior: 2.0%, Range: 1.7% / 2.0%
HICP MoM – Forecast: 0.4%, Prior: 0.1%, Range: 0.1% / 0.5%