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This week is filled with high volatility economic and central bank releases amid high-profile geopolitical events.
What to watch for over the coming days:
- Central Banks:
Bank of England (BoE) governor Mark Carney will be speaking and answering questions at a parliamentary hearing on the inflation report on Tuesday. Bank of Canada (BoC) will announce monetary policy decision on Wednesday. US Federal Reserve will release minutes of the May meeting on Wednesday.
- Trump:
The focus will remain on President Trump who is on his first foreign trip visiting Saudi Arabia, Israel, and Vatican.
- OPEC meeting:
OPEC ministers are set to meet on Thursday in their Vienna headquarter to decide the fate of the current deal that has cut supplies by 1.2 million barrels. While Saudi Arabia and Russia have signaled a continuation of the deal, the market would nonetheless focus on the meeting.
Along with the above fundamentals, unscheduled Brexit commentaries, happenings in Korean peninsula are likely to keep influencing the market.
