BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
In terms of data, this week is quite risk heavy but post-Brexit politics make it a magnified one.
What to watch for over the coming days:
- Brexit commentaries -
Both scheduled and unscheduled commentaries surrounding Brexit will keep dominating the fundamental over this week, casting its shadow on financial markets. The market will be trying to pinpoint the likely successor of British Prime Minister David Cameron, especially after front-runner Boris Johnson quit the race surprisingly last week.
- U.S. employment data -
After last two months' weak employment report, the focus will be on Friday’s non-farm to determine whether the recent weakness is a trend or not. Strong employment report may bring back confidence over the resilience of the U.S. economy.
- Australian uncertainty -
Over the weekend election in Australia, appears to be inconclusive, which could mean months of political uncertainties. In addition to that focus will also be on the monetary policy decision of the Reserve Bank of Australia (RBA) on Tuesday.
- FOMC minutes -
This time around the minutes may not make much of a difference unless there are some elements that can bring forth the rate hike expectations when it’s released on Wednesday.
