In terms of volatility risks, this week is heavy with the focus on central banks and geopolitics,
What to watch for over the coming days:
Central Banks:
- European Central Bank (ECB) will release a lending survey on Tuesday.
- Bank of England (BoE) will release minutes of the last monetary policy meeting on Tuesday.
- Reserve Bank of Australia (RBA) Governor Lowe’s speech on Thursday.
- European Central Bank (ECB) will announce the rate decision on Thursday.
Economic data:
- German flash PMI report on Tuesday, and IFO business climate report on Thursday.
- U.S. durable goods report on Thursday and flash second-quarter GDP report on Friday.
Geopolitics:
- The winner of the British Conservative Party leadership contest will be announced on Tuesday.
- Pakistani Prime Minister Imran Khan to visit the U.S.
- The focus will be on UK-Iran feud, as Iran captured two British oil tankers in the Straits of Hormuz, in response to the British capture of Iranian oil tankers.


Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears
Central Banks Could Buy 20,000 Tonnes of Gold: BofA
Yen in Focus as BOJ, Fed Rate Hikes Reshape Currency Markets
Japanese Yen Retreats as Dollar Rises Ahead of Fed, BOJ Rate Decisions
Fed Unveils Stablecoin Rules Under GENIUS Act
BOJ Raises Interest Rate to 31-Year High as Yen Weakens
Global Central Banks Brace for More Rate Hikes as Inflation Risks Rise 



