ECB Expected to Hold Rates as Middle East Tensions Keep September Hike in Focus 
Japan PM Sanae Takaichi Unveils Growth Plan as BOJ Independence Concerns Lift Bond Yields 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
BOJ Rate Hike Expectations Rise Ahead of September Meeting 
BOJ Minutes Signal More Rate Hikes as Inflation Risks Grow 
Fed Holds Interest Rates Steady as Kevin Warsh Says Rising Treasury Yields Tighten Financial Conditions 
Japan Services Producer Prices Rise 3.2% in June, Supporting BOJ Rate Hike Expectations 
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.
