Morning Juice – Europe Session Prep

Good Morning Traders.
It is Wednesday the 20th of August. Here is what to look out for today.

Sentiment
New Zealand’s central bank cut interest rates to a three-year low and signaled further easing, saying the economy has stalled. The RBNZ’s new forecasts indicate a reasonable chance of two more 25-point cuts, even as the bank raised its projections for inflation. Treasury Secretary Scott Bessent indicated that the US is satisfied with the current tariff arrangement with China, a signal the Trump administration is looking to keep ties calm before a trade truce expires in November. Japan’s exports sustained their steepest drop in more than four years as US tariffs continued to weigh on global commerce, clouding the outlook for economic growth at a time when personal spending remains unsteady. Indian Prime Minister Modi welcomed improved ties with China as US Treasury Secretary Bessent escalated criticism of the South Asian nation over its purchases of Russian oil.

Docket
02:00 ET
UK CPI
YoY – Forecast: 3.7%, Prior: 3.6%, Range: 4.0% / 3.5%
MoM – Forecast: 0.0%, Prior: 0.3%, Range: 0.2% / -0.2%
Core YoY – Forecast: 3.7%, Prior: 3.7%, Range: 4.0% / 3.4%
Services – Forecast: 4.8%, Prior: 4.7%, Range: 5.5% / 3.7%

05:00 ET
Eurozone CPI
YoY – Forecast: 2%, Prior: 2%, Range: 2.1% / 2%
MoM – Forecast: 0%, Prior: 0%, Range: 0% / 0.3%