Morning Juice – Europe Session Prep

Good Morning Traders.
It is Thursday the 7th of August. Here is what to look out for today.

Sentiment
US President Donald Trump imposed an additional 25% tariff on Indian goods over its ongoing purchases of Russian energy, escalating a fight with a key Asian partner on the eve of his broad-based duties taking effect. Three Federal Reserve policymakers voiced concerns about the US labor market Wednesday with remarks that pointed to a potential interest-rate cut in September. China’s export growth unexpectedly accelerated last month in the fastest gain since April. US President Donald Trump doubled tariffs on Indian goods to 50% as a penalty for its purchases of Russian oil, escalating a fight with a key Asian partner and sparking outrage in New Delhi. President Donald Trump said he could punish China with additional tariffs over its purchases of Russian oil, though one of his top advisers played down the likelihood.

Docket
02:00 ET
German Industrial Production
YoY – Forecast: -1.0%, Prior: 1.0%, Range: 0.2% / -1.5%
MoM – Forecast: -0.5%, Prior: 1.2%, Range: 0.4% / -1.0%
German Trade
Balance – Forecast: 17.3b, Prior: 18.4b, Range: 19.7b / 17.0b
Imports – Forecast: 0.8%, Prior: -3.8%, Range: 2.0% / -1.0%
Exports – Forecast: 0.4%, Prior: -1.4%, Range: 1.5% / -1.0%

04:00 ET
ECB Economic Bulletin

07:00 ET
BoE Interest Rate Decision
BoE Rate Statement

07:30 ET
BoE Press Conference