Bank of Japan Unveils New Inflation Gauge to Support Case for Future Rate Hikes 
Goldman Sachs Raises ECB Rate Hike Forecast Amid Persistent Energy-Driven Inflation 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Goldman Sachs Delays Bank of England Rate Cut Forecast Amid Middle East Inflation Risks 
RBA Set to Hike Rates Again Amid Inflation Surge and Global Uncertainty 
China Holds Benchmark Loan Prime Rate Steady for Tenth Consecutive Month 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Upcoming:
- Germany: GFK consumer confidence report will be released at 6:00 GMT. HICP inflation report will be released at 12:00 GMT.
- Spain: HICP inflation report will be released at 7:00 GMT.
- Italy: Q1 debt to GDP will be updated at 8:00 GMT, followed by the release of HICP inflation report at 9:00 GMT.
- Eurozone: EU would release economic bulletin at 8:00 GMT. Eurozone confidence report will be released at 9:00 GMT.
- United States: Q1 GDP report will be released at 12:30 GMT, along with weekly jobless claims report. EIA will release weekly natural gas inventory report at 14:30 GMT. FOMC member Bullard is set for a speech at 14:45 GMT, and Bostic at 16:00 GMT.
- United Kingdom: GFK consumer confidence report will be released at 23:00 GMT.
- Japan: June Tokyo inflation report will be released at 23:30 GMT, along with unemployment report and industrial production report.
- Auction: U.S. will auction 7-year note at 17:00 GMT.
