Bank of Japan Unveils New Inflation Gauge to Support Case for Future Rate Hikes 
RBA Set to Hike Rates Again Amid Inflation Surge and Global Uncertainty 
RBA Set for Back-to-Back Rate Hikes, Westpac Forecasts 
Paraguay Central Bank Holds Interest Rate at 5.5% Amid Slowing Growth 
Goldman Sachs Delays Bank of England Rate Cut Forecast Amid Middle East Inflation Risks 
Fed Holds Rates Steady as Middle East Conflict Clouds Inflation Outlook 
Bank of Japan Governor Signals Gradual Progress Toward 2% Inflation Target 
In terms of volatility risks, this week is heavy, and there are some scheduled events and data that readers need to keep a tab on.
What to watch for over the coming days:
- Central Banks: Reserve Bank of Australia (RBA) will announce the rate decision on Tuesday. Bank of England (BoE) governor Mark Carney will appear before Parliamentary Banking Committee on inflation report hearings beginning Tuesday. Bank of Canada (BoC) will announce the rate decision on Wednesday.
- Economic data:
PMI reports from all across the world will be published this week. Australia’s Q2 GDP report will be released on Wednesday. Switzerland will release Q2 GDP report on Thursday. United States’ ADP employment report will be released on Wednesday and NFP report on Friday. Eurozone Q2 GDP report will be released on Friday.
- Geopolitics:
Russia will host multilateral talks on a peace deal in Afghanistan on Tuesday. Representatives from India, China, Iran, Pakistan, the Afghan government and the Taliban are expected to attend. The U.S. has declined the invitation.
U.S. Secretary of State Mike Pompeo will visit Pakistan on Wednesday for the first time after aid cut, followed by a visit to India on Thursday.
Sweden will hold the general election on coming Sunday.
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.
