Gold Prices Hold Steady as Investors Monitor U.S.-Iran Tensions and Trump-Xi Summit 
Fed’s Goolsbee Warns Inflation Remains Elevated, Signals Caution on Rate Cuts 
BOJ Rate Hike Expectations Grow as Board Member Signals Hawkish Stance 
Oil Prices Slip as Strait of Hormuz Disruptions and U.S. Inventory Data Keep Markets on Edge 
ECB Rate Outlook: Ceasefire Eases Pressure but Hikes Still Expected in 2026 
Asian Currencies Steady as Trump-Xi Summit, Inflation Concerns Boost Dollar 
US-China Trade Talks Begin in South Korea Ahead of Trump-Xi Beijing Summit 
Bank of Japan's Ueda Flags Low Real Interest Rates as Key Factor in Rate Hike Timing 
Rubio Discusses Iran Crisis and Strait of Hormuz Disruptions With UK and Australia 
Trump and Xi Temple of Heaven Visit Highlights Trade and Diplomacy Goals 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Australia: Westpac leading index declined 0.1 percent in April. Construction work done in the first quarter declined by 0.7 percent.
Upcoming:
- Japan: Leading economic index and coincident index will be updated at 5:00 GMT.
- Germany: GFK consumer confidence report will be published at 6:00 GMT.
- Switzerland: First quarter industrial production report will be released at 7:15 GMT.
- Eurozone: EU financial stability review report will be released at 9:00 GMT. ECB President Draghi’s speech is scheduled at 12:45 GMT.
- United States: MBA mortgage applications report will be released at 11:00 GMT, followed by House price report at 13:00 GMT, and existing home sales report at 14:00 GMT. EIA will report crude oil inventory details at 14:30 GMT. FOMC will release minutes of meeting report at 18:00 GMT. FOMC member Kaplan is scheduled to speak at 22:00 GMT.
- Canada: Bank of Canada (BoC) will announce interest rate decision at 14:00 GMT.
