BOJ Policymakers Warn Weak Yen Could Fuel Inflation Risks and Delay Rate Action 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Federal Reserve Faces Subpoena Delay Amid Investigation Into Chair Jerome Powell 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
In terms of volatility risks, this week is relatively light both in terms of data and events.
What to watch for over the coming days:
- Central Banks:
Several speakers from U.S. Federal Reserve this week; Bostic, Harker, and Kashkari on Monday, Powell, Kaplan, and Evans on Friday. FOMC will release minutes of the meeting on Wednesday. European Central Bank (ECB) will release minutes on Thursday.
- Economic data:
UK inflation report on Wednesday, retail sales on Thursday, and Q1 GDP on Friday.
- Earnings:
22 companies listed on the S&P 500 are slated to report results next week. Big names include Tiffany, Target, Kohl’s, TJX Cos, Ralph Lauren and L Brands.
- Geopolitics:
OPEC meeting on Monday. The next round of Brexit talks set to begin on Tuesday.
Along with the above fundamentals, unscheduled Brexit commentaries, happenings in the Middle East, Spain’s Catalonia, and Korean peninsula are likely to keep influencing the market.
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