Morning Juice – Europe Session Prep
Good Morning Traders! This Friday we get UK Retail Sales.
Here is what to expect for the day.
Sentiment
According to two US officials, Israel struck Iran with missiles less than a week after Tehran unleashed a volley of rockets and drones. Iran’s semi-official Fars news agency said that an explosion was heard in the country’s capital city of Isfahan on Friday, raising fears of Israeli reprisals.
Brent rose as a result of worries that a larger regional conflict may jeopardise the supply of crude oil. Amid worries about escalating hostilities between Iran and Israel, demand for haven assets drove gold prices beyond $2,400 per ounce.
As emotions continued to heat up in the wake of Israel’s drone and missile attack on April 13, a senior Iranian general implied that his nation may re-evaluate its nuclear policies if Israel threatened to attack its nuclear sites.
While remaining over the Bank of Japan’s objective, consumer inflation in Japan decreased more than anticipated as board members prepared to update their pricing projections for next week.
President of the Federal Reserve Bank of Atlanta, Raphael Bostic, stated that he is satisfied with maintaining current interest rates and reiterated that he believes lowering borrowing costs won’t be acceptable until close to the end of the year.
Docket
02:00 ET
UK Retail Sales YoY
Median Forecast 1% | Prior -0.4% | Range 1.2%/0%
UK Retail Sales MoM
Median Forecast 0.3% | Prior 0% | Range 0.6%/-1.5%
UK Core Retail Sales MoM
Median Forecast 0.3% | Prior 0.2% | Range 0.7%/-0.6%
Good Luck today, Traders!
