Asian Stocks Mixed as South Korea Slides on Profit-Taking, Japan and China Gain on Strong Factory Data 
Taiwan Central Bank Likely to Keep Interest Rates Unchanged Through 2027 
Central Banks Eye Gold, Reduce Dollar Exposure as AI Adoption Accelerates: OMFIF Survey 
ECB Set to Raise Interest Rates as Energy Shock Fuels Eurozone Inflation Concerns 
Gold Price Holds Above $4,000 as Fed Rate Hike Expectations and U.S. Jobs Data Weigh on Market 
RBI Hits Pause as Geopolitical Storm Clouds Gather 
RBA Minutes Signal Australia Central Bank Remains Ready to Raise Interest Rates if Inflation Persists 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
US Resumes Dollar Shipments to Iraq After Months-Long Suspension 
Australia Trade Balance Swings to Surprise Deficit as Imports Outpace Exports in May 
India Manufacturing PMI Slows in June as Demand Weakens Despite Lower Cost Pressures 
BOJ Hawk Signals Faster Interest Rate Hikes Amid Inflation Risks 
Turkey Vehicle Sales Fall 11.4% in June as Auto Market Weakens 
The Reserve Bank of India (RBI) is expected to change its direction to a hawkish stance at its monetary policy meeting in June (small probability of a pre-emptive hike) and pave the way for a 25 basis points increase in August, according to the latest report from DBS Group Research.
April CPI inflation rose 4.6 percent y/y, vs March’s 4.3 percent print. Non-food components accounted for the entire increase, just as food pressures stabilized. Core/core-core inflation outpaced headline inflation to a three-and-half-year high.
Adverse base effects and seasonal factors are likely to drive headline inflation past 5 percent by June-July 2018, before pulling back into the 4-5 percent range.
"With another move likely in the fourth quarter of this year, we see room for cumulative 50bp hikes in FY19. Slow progress on the banks’ bad asset resolution and a gradual turnaround in growth suggest that an aggressive hiking cycle is unlikely", the report added.
Meanwhile, the central bank is unlikely to be comfortable with the firm core inflation amidst the higher volatility in the bond and exchange rate markets.
Lastly, FxWirePro has launched Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest
