Bank of Japan Unveils New Inflation Gauge to Support Case for Future Rate Hikes 
RBA Raises Cash Rate to 4.10% in Closest Vote Since Transparent Voting Began 
Goldman Sachs Delays Bank of England Rate Cut Forecast Amid Middle East Inflation Risks 
Bank of Japan Signals Rate Flexibility Amid Yen Volatility 
Fed Rate Cut Hopes Fade as Oil Prices Stoke Inflation Fears 
Oil Prices Slip as Trump Extends Iran Ceasefire Deadline Amid Ongoing War Fears 
Fed Holds Rates Steady as Middle East Conflict Clouds Inflation Outlook 
RBA Set to Hike Rates Again Amid Inflation Surge and Global Uncertainty 
Not many economic data and events scheduled for today but some with high volatility risks associated.
Data released so far:
- France: Emmanuel Macron beats Le Pen to Presidency.
Upcoming:
- China: Trade balance numbers for April will be released today.
- Australia: National Australia Bank’s business confidence and conditions report will be released at 1:30 GMT, along with Building permits report.
- Germany: factory orders report will be released at 6:00 GMT.
- United Kingdom: Halifax house price report will be published at 7:30 GMT.
- Eurozone: Sentix investor confidence report will be published at 8:00 GMT.
- United States: FOMC’s Loretta Mester and James Bullard are scheduled to speak at 10:45 GMT and 12:35 GMT respectively. Labor market condition index will be updated at 14:00 GMT.
- Canada: Housing starts data will be published at 12:15 GMT. BoC will release its review report at 14:30 GMT.
