Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Australia: Westpac consumer confidence declined by 1.8 percent in June.
- China: Urban investment is up 8.6 percent y/y. Industrial production is up 6.5 percent y/y. Retail sales grew 10.7 percent y/y in May.
- Japan: Industrial production is up 5.7 percent y/y in April, up 4 percent on a monthly basis.
Upcoming:
- Germany: HICP inflation report will be released at 6:00 GMT.
- United Kingdom: Unemployment report will be published at 8:30 GMT.
- Eurozone: Industrial production report for April will be released at 9:00 GMT, along worth first quarter employment change report.
- United States: MBA mortgage applications report will be published at 11:00 GMT, followed by retail sales report and consumer price inflation report at 12:30 GMT. EIA will release crude oil inventory report at 14:30 GMT. FED will announce interest rate decision at 18:00 GMT.
- New Zealand: 1st quarter GDP details will be released at 22:45 GMT.


Singapore Central Bank’s Exchange Rate Policy Explained: Why MAS Uses the S$NEER Instead of Interest Rates
BOJ Minutes Signal More Rate Hikes as Inflation Risks Grow
BOJ Expected to Hold Rates Steady While Signaling More Hikes Ahead
China Set to Hold Benchmark Lending Rates Steady for 15th Month
Eurozone Bond Yields Fall as Oil Slump Eases Inflation Fears Ahead of Central Bank Meetings
BSP Sees Philippine Inflation Easing, Keeps Policy Options Open 



