RBA Raises Interest Rates to 4.35% Amid Rising Inflation Risks and Middle East Tensions 
Bank of Japan's Ueda Flags Low Real Interest Rates as Key Factor in Rate Hike Timing 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Asian Currencies Slide as Indian Rupee Hits Record Low Amid Iran Tensions 
Havana Protests Erupt as Cuba Faces Severe Blackouts and Fuel Crisis 
Trump Says Iran Ceasefire ‘On Life Support’ as Oil Prices Surge Above $104 
South Korea Central Bank Signals Inflation Concerns as Oil Prices Surge 
Trump, Xi Begin High-Stakes China Summit Focused on Trade, Taiwan and Global Tensions 
RBA Rate Hike Outlook: Impact on AUD/USD and ASX 200 
Australia Housing Tax Reform Sparks Debate Over Property Investor Tax Breaks 
BOJ Rate Decision in Focus as Yen, Inflation, and Nikkei Hang in Balance 
This week is relatively less risk heavy compared to last week. Nevertheless, a fresh batch of data from the United Kingdom should keep the drums beating.
What to watch for over the coming days:
- U.S. economic data:
After a disappointing August so far, in terms of economic dockets, traders would focus on the next batch to determine how broad-based the weakness has been. Focus will remain on retail sales data on Thursday and CPI inflation data on Friday.
- UK economic data:
While data have been disappointing for the U.S., they have been quite upbeat for the United Kingdom. All the PMIs have surprised to the upside. So, the focus is clearly on the next batch. Inflation data on Tuesday, unemployment report on Wednesday, and retail sales on Thursday.
- Central banks:
Swiss National Bank and the Bank of England (BoE) will announce policy decisions on Thursday. No moves are expected from either of them but commentaries would be noteworthy. Two prominent Fed speakers are scheduled to speak on Monday and it is a must watch before next week’s FOMC rate decision. Atlanta Fed president Dennis Lockhart and Lael Brainard from Federal Reserve board of Governors.
In addition to the above, unscheduled Brexit commentaries would keep weighing on the market.
