Morning Juice – Europe Session Prep

Good Morning Traders.
It is Friday, the 29th of August. Here is what to look out for today.

Sentiment
China’s central bank is pushing the Yuan higher, fuelling suspicion of a subtle shift in strategy towards a stronger currency rate following strong exports that improved the country’s development forecast.

Inflation in Tokyo fell substantially, aided by government utility subsidies, but it remained well above the BoJ’s target, keeping policymakers on track for additional interest-rate hikes.

Fed’s Waller advocated for lower interest rates again, saying he would support a quarter-point cut in September and expects more cuts in the next three to six months.

A meeting between Zelenskiy and Putin is unlikely to materialise, according to German Chancellor Merz, despite being touted earlier by Trump.

Docket
02:45 ET
French CPI:
YoY NSA Prelim – Forecast: 1%, Prior: 1%, Range: 1% / 0.8%
MoM NSA Prelim – Forecast: 0.5%, Prior: 0.2%, Range: 0.5% / 0.1%
French HICP YoY Prelim – Forecast: 0.9%, Prior: 0.9%, Range: 1.2% / 0.7%
French GDP QoQ Final – Forecast: 0.3%, Prior: 0.3%, Range: 0.3%

03:55 ET
German Unemployment Rate – Forecast: 6.3%, Prior: 6.3%, Range: 6.4% / 6.3%
German Unemployment Change SA – Forecast: 10k, Prior: 2k, Range: 15k / 5k