Morning Juice – Europe Session Prep
Good Morning Traders
It is Friday the 23rd August, here is what to expect for the day.
Sentiment
According to Governor Kazuo Ueda, the Bank of Japan is still moving towards higher interest rates as it unwinds years of extremely low settings, assuming that inflation and economic indicators continue to follow its projections.
According to two Federal Reserve officials, the US central bank should start reducing interest rates soon, and the rate at which it does so should be “gradual” and “methodical.”
Key prices in Japan increased more quickly in July, which is the most recent sign of the country’s growing cost of living. This comes as Bank of Japan Governor Kazuo Ueda gets ready to address policy changes in parliament in the wake of recent market turbulence.
British citizens’ confidence in their personal financial situation is strengthening as a result of the Bank of England’s interest rate reduction this month and its indication that more relief is imminent.
Money market fund assets reached a record level in August as investors locked in high yields ahead of the Federal Reserve’s planned rate cuts, driving up cash holdings by almost $100 billion.
Docket
04:00 ET
ECB 3 Year CPI Expectations
Median Forecast 2.3% | Prior 2.3%
Speakers
08:00 ET
Fed’s Bostic Speaks
Good luck!
