Morning Juice – Europe Session Prep

Good Morning Traders.
It is Friday the 27th of February. Here is what to look out for today.

Sentiment
China stepped up efforts to temper the yuan’s advance by removing the additional charge for betting against the currency in the derivatives market. A Tokyo inflation gauge eased to the slowest pace in more than a year as Prime Minister Sanae Takaichi’s utility subsidies curbed household energy costs, posing a communication challenge for the Bank of Japan as it looks to proceed with interest rate hikes. Bets on a stronger yuan are picking up in currency-option markets, with traders positioning for a move toward 6.50 per dollar by year end after the People’s Bank of China signaled greater tolerance for appreciation. The US is becoming ever more dependent on its closest allies to fund its swollen debt burden, exposing a vulnerability in the $30 trillion Treasuries market.

Docket
02:45 ET
French GDP QoQ
Forecast: 0.2% | Prior: 0.2% | Range: 0.2% / 0.1%
French Consumer Spending
Forecast: 0.4% | Prior: -0.6% | Range: 1% / -0.5%
French CPI
YoY – Forecast: 0.8% | Prior: 0.3% | Range: 1.1% / 0.4%
MoM – Forecast: 0.5% | Prior: -0.3% | Range: 0.6% / 0.3%
HICP YoY – Forecast: 0.8% | Prior: 0.4% | Range: 1.2% / 0.6%
HICP MoM – Forecast: 0.5% | Prior: -0.4% | Range: 1% / 0.3%

03:00 ET
Swiss KOF Indicator
Forecast: 103 | Prior: 102.5 | Range: 103.2 / 102.4

Swiss GDP
QoQ – Forecast: 0.2% | Prior: -0.5% | Range: 0.3% / 0.1%
YoY – Forecast: 0.5% | Prior: 0.5% | Range: 0.6% / 0.5%

03:55 ET
German Unemployment
Rate – Forecast: 6.3% | Prior: 6.3% | Range: 6.4% / 6.3%
Change – Forecast: 2K | Prior: 0K | Range: 15K / -2K

04:00 ET
ECB CPI Expectations

08:00 ET
German CPI
YoY – Forecast: 2% | Prior: 2.1% | Range: 2.3% / 1.9%
MoM – Forecast: 0.59% | Prior: 0.1% | Range: 0.6% / 0.3%
HICP YoY – Forecast: 2.1% | Prior: 2.1% | Range: 2.3% / 2%
HICP MoM – Forecast: 0.5% | Prior: -0.1% | Range: 0.6% / 0.2%