Morning Juice – Europe Session Prep

Good Morning Traders.
It is Thursday the 8th of January. Here is what to look out for today.

Sentiment
The Trump administration plans to control future sales of Venezuelan oil and hold the proceeds in US accounts. Energy Secretary Chris Wright said, making the clearest statement yet on Washington’s strategy to bring the impoverished nation’s crude to market and control its most valuable resource. Oil edged higher as traders digested more measures from the US to exert control over Venezuela, including a plan to indefinitely manage future crude sales and the seizure of two more sanctioned tankers. Growth in Japan’s base salaries held firm even as nominal wage gains decelerated sharply, sending mixed signals to the Bank of Japan two weeks before authorities next meet to decide policy. Federal Reserve Vice Chair for Supervision Michelle Bowman said the agency is revisiting how it issues certain bank ratings, continuing a broader Trump-era effort to refocus supervision on issues posing a significant risk to lenders. With the US Supreme Court poised to decide the fate of most of President Donald Trump’s tariffs as soon as Friday, hundreds of companies already are lined up hoping to recoup their share of the billions of dollars in duties paid so far.

Docket
02:00 ET
German Industrial Orders
MoM – Forecast: -1% | Prior: 1.5% | Range: 0.5% / -2%

02:30 ET
Swiss CPI
YoY – Forecast: 0.1% | Prior: 0% | Range: 0.2% / -0.1%
MoM – Forecast: 0% | Prior: -0.2% | Range: 0.1% / -0.1%

04:00 ET
ECB CPI Expectations

05:00 ET
Eurozone Unemployment Rate
Forecast: 6.4% | Prior: 6.4% | Range: 6.4% / 6.3%
Eurozone PPI
YoY – Forecast: -1.7% | Prior: -0.5% | Range: -0.6% / -2.1%
MoM – Forecast: 0.4% | Prior: 0.1% | Range: 0.5% / -0.1%