Mary Daly Says AI Uncertainty Clouds Fed Rate Outlook Despite Restrictive Policy 
Gold Price Surges Above $4,120 as Weak US Jobs Data Lowers Fed Rate Hike Expectations 
Brazil to Phase Out Gasoline Subsidy First as Diesel Support Stays Longer 
BOJ Rate Hike Expected to Boost Yen, Impact USD/JPY and Nikkei 
Malaysia Central Bank Moves to Support Ringgit Amid Foreign Fund Outflows 
South Korea Signals Possible Interest Rate Hike as Inflation Remains Elevated 
New Zealand Consumer Confidence Rises in June as Inflation Expectations Ease 
BoE Policymaker Alan Taylor Signals No Need for Interest Rate Hike Amid Iran War Inflation Risks 
China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations 
Japan Signals Readiness to Act on Yen as Intervention Speculation Grows 
Central Banks Eye Gold, Reduce Dollar Exposure as AI Adoption Accelerates: OMFIF Survey 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Upcoming:
- Japan: Eco-Watchers survey report will be released at 5:00 GMT.
- Germany: Wholesale inflation numbers will be reported at 6:00 GMT.
- Switzerland: Consumer price inflation report will be released at 7:15 GMT for the month of April.
- Eurozone: European Central Bank (ECB) will release economic bulletin at 8:00 GMT.
- United Kingdom: Industrial and manufacturing production numbers will be reported at 8:30 GMT, along with March trade balance figures. The Bank of England (BoE) will announce interest rate decision at 11:00 GMT and will release quarterly inflation report. NIESR will release GDP estimate for three months to April.
- Greece: February unemployment report will be released at 9:00 GMT.
- Portugal: Consumer price inflation report for April will be released at 10:00 GMT.
- United States: Fed’s Dudley is scheduled to speak at 10:25 GMT. Producer price inflation report will be released at 12:30 GMT, along with weekly jobless claims report. Fed’s Evans is scheduled to speak at 13:00 GMT. EIA will release weekly natural gas inventory report at 14:30 GMT.
- Canada: New house price index will be updated at 12:30 GMT.
- New Zealand: Business PMI report will be released at 22:30 GMT.
- Auction: U.S. will auction 30-year note at 17:00 GMT.
