Morning Juice – Europe Session Prep
Good morning, Traders!
It is Thursday, the 16th of January. Here is what to expect for the day.
Sentiment
According to people familiar with the situation, BoJ officials concede that the rate will likely be raised from 0.25% at the end of its two-day meeting on Jan. 24, unless Trump disturbs markets or modifies expectations about the global economy early in his presidency.
According to prepared remarks, Scott Bessent, Donald Trump’s candidate for Treasury secretary, will tell a Senate committee that maintaining the Dollar as the world’s reserve asset is essential to the US economy and the country’s future.
Australia’s unemployment rate remained low in December as the economy prolonged a string of hiring gains, underscoring the labour market’s exceptional resilience to rising interest rates.
According to the Fed’s Beige Book study of regional business contacts, economic activity in the US improved “slightly to moderately” in late November and December, driven by robust holiday sales.
Events
02:00 ET
UK Manufacturing Production MoM
Median Forecast -0.2% | Prior -0.6%
German HICP Final YoY
Median Forecast 2.8% | Prior 2.9%
UK GDP Estimate YoY
Median Forecast 1.5% | Prior 1.3%
UK GDP Estimate MoM
Median Forecast 0.2% | Prior -0.1%
UK GDP Estimate 3M/3M
Median Forecast 0% | Prior 0.1%
07:30 ET
ECB Meeting Minutes
Good luck!
