Morning Juice – Europe Session Prep

Good Morning Traders.
It is Monday he 29th of June. Here is what to look out for today.

Sentiment
The US and Iran have agreed to stop attacking each other before peace talks resume this week over the Strait of Hormuz and other issues, paving the way to end days of tit-for-tat attacks that tested a fragile truce. Oil pared early gains after the US and Iran agreed to stop attacking each other, following flare-ups over the weekend that saw an oil supertanker hit near the Strait of Hormuz China’s central bank held its debut overnight reverse repo operation without disclosing the rate of interest it charged on its new instrument, in a surprise move to traders awaiting guidance on borrowing costs. Japan’s retail sales rose in May for a third month, powered by strong wage gains and government subsidies to ease the cost of living.
Australian central bank Assistant Governor Chris Kent said the institution will be better prepared to respond to the next crisis it faces following a review of alternative monetary policy tools. Federal Reserve Bank of Richmond President Tom Barkin warned that inflation is too high, though he sees tentative signs that price pressures may moderate soon.

Docket
04:30 ET
BoE Consumer Credit
Forecast: 1.8B | Prior: 1.9B | Range: 2B / 1.5B