In terms of volatility risks, this week is extremely heavy with the focus on Brexit, and central banks,
What to watch for over the coming days:
Central Banks:
- Bank of Japan (BoJ) governor Kuroda will hold a press conference on monetary policies.
- European Central Bank (ECB) will announce monetary policy decision on Wednesday, instead of usual Thursday. Likely to talk the euro down.
- FOMC will release minutes of the meeting on Wednesday.
Economic data:
- U.S. CPI inflation report due on Wednesday. CPI expected to grow at 1.8 percent y/y in March compared to 1.5 percent in April. PPI inflation is due on Thursday.
- China CPI inflation due on Thursday, and trade balance numbers on Friday.
Geopolitics:
- EU-China summit begins on Tuesday.
- Egypt’s President Abdel Fattah al-Sisi would visit the U.S. and meet President Trump on Tuesday.
- South Korean President Moon to visit the U.S. on Wednesday and hold a two-day meeting with President Trump.
- World’s largest and longest election begins in India this week.
Brexit:
- European leaders would hold a summit to decide the path forward in Brexit, and to whether or not grant a longer extension to Brexit deadline. If the deadline not extended Britain would exit EU this week on Friday.


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