Morning Juice – Europe Session Prep

Good Morning Traders
It is Friday the 16th August, here is what to expect for the day.

Sentiment

Governor Michele Bullock of Australia’s central bank indicated that relaxing monetary policy is still a long way off because inflation is persistent and would not return to the target range until late next year.

A popular yen-centered carry trade that erupted dramatically two weeks ago appears to be returning. Nomura International Pic has seen a range of investors start borrowing the yen again and investing the proceeds elsewhere in higher-yielding assets.

China’s central bank chief promised more actions to help his country’s economy revive, but warned against taking “dramatic” measures.

As Japan’s search for a new prime minister heats up, candidates will be scrutinised for their views on monetary policy, with the shake-up occurring at a critical juncture when the economy is only emerging from decades of deflation.

Docket

02:00 ET
UK Retail Sales YoY
Median Forecast 1.4% | Prior -0.2% | Range 1.7%/0.8%

UK Retail Sales MoM
Median Forecast 0.6% | Prior -1.2% | Range 1.0%/-1.1%

UK Core Retail Sales MoM
Median Forecast 0.7% | Prior -1.5% | Range 1.2%/0.0%

Good luck!