Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
BOJ Holds Interest Rates Steady, Upgrades Growth and Inflation Outlook for Japan 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
In terms of volatility risks, this week is heavy as there are several events one needs to keep a tab on.
What to watch for over the coming days:
- Central Banks:
Federal Reserve chairman Jerome Powell will be testifying before Senate committee as a part of his two-day semi-annual testimony beginning Tuesday.
- Economic data:
China GDP report on Monday along with industrial production and retail sales numbers, and house price report on Tuesday. U.S. retail sales on Monday, and Industrial production report on Tuesday. UK unemployment report on Tuesday, Inflation report on Wednesday, and retail sales report on Thursday. Eurozone inflation report will be released on Wednesday. Australia’s unemployment report will be released on Thursday. Canada CPI inflation report on Friday.
- Geopolitics:
President Trump is meeting President Putin in Helsinki. The European Union officials begin their summit with China in Beijing.
Along with the above fundamentals, unscheduled Brexit commentaries, happenings in the Middle East, Italy, and the Korean peninsula are likely to keep influencing the market.
