Morning Juice – Europe Session Prep
Good Morning Traders! This Tuesday we get Swiss CPI and German Unemployment data.
Here is what to expect for the day.
Sentiment
Japan’s finance minister said the government’s involvement in the currency market a little over a month ago was effective to some extent, in the first formal acknowledgement of the move since the ministry revealed statistics revealing it paid a record amount to prop up the yen.
Bank of Japan Governor Kazuo Ueda reiterates the bank’s position that long-term yields should be decided by market participants in principle.
Japanese government bond futures rose after an auction of 10-year notes received better demand than the last sale last month.
Oil fell from its lowest settlement in almost four months as OPEC+ announced plans to return barrels to the market sooner than planned, raising fears about oversupply.
Nvidia and Advanced Micro’s executives unveiled new versions of the chips driving the global AI development boom, strengthening a battle that is influencing the future of artificial intelligence design and adoption.
Docket
02:30 ET
Swiss CPI YoY
Median Forecast: 1.4% | Prior 1.4% | Range 1.6%/1.2%
Swiss CPI MoM
Median Forecast: 0.3% | Prior 0.3% | Range 0.5%/0.2%
03:55 ET
German Unemployment Rate
Median Forecast: 5.9% | Prior 5.9% | Range: 6.0%/5.9%
German Unemployment Change
Median Forecast: 7k | Prior 10k | Range 12k/-15k
Speakers
04:15 ET
ECB’s Simkus Speaks
05:00 ET
ECB’s Buch Speaks
Good Luck today, traders!
