Goldman Sachs Raises ECB Rate Hike Forecast Amid Persistent Energy-Driven Inflation 
RBA Raises Cash Rate to 4.10% in Closest Vote Since Transparent Voting Began 
ECB Eyes Rate Hike Amid Iran Conflict-Driven Energy Price Surge 
Bank of Japan Holds Rates Steady Amid Inflation Concerns and Yen Weakness 
Fed Rate Cut Hopes Fade as Oil Prices Stoke Inflation Fears 
Bank of Japan Officials Signal Continued Interest Rate Hikes Amid Inflation Concerns 
In terms of volatility risks, this week is relatively quiet, still, there are several events one needs to keep a tab on.
What to watch for over the coming days:
- Central Banks:
Bank of Canada (BoC) will announce the rate decision on Wednesday.
- Economic data:
China CPI inflation report will be released on Tuesday and trade balance on Friday. U.S. PPI inflation on Wednesday and CPI inflation on Thursday.
- Geopolitics:
President Trump will be traveling to Europe for a NATO summit on July 11-12th. After the NATO summit, President Trump will be visiting the UK on a four-day trip. He will also be meeting g with the queen during his trip.
Before his travel, President Trump is expected to announce his pick for the U.S. Supreme Court to replace Justice Kennedy, who just announced retirement.
Along with the above fundamentals, unscheduled Brexit commentaries, happenings in the Middle East, Italy, and the Korean peninsula are likely to keep influencing the market.
