RBNZ Cuts Interest Rates Again as Inflation Cools and Recovery Remains Fragile 
BOJ Governor Ueda Meets Key Ministers as Markets Eye Policy Shifts Under New Leadership 
Fed Meeting Sparks Division as Markets Brace for Possible Rate Cut 
BOJ Seen Moving Toward December Rate Hike as Yen Slides 
Fed Rate Cut Odds Rise as December Decision Looks Increasingly Divided 
RBA Reassesses Pricing Behaviors and Policy Impact Amid Inflation Pressures 
Brazil Central Bank Plans $2 Billion Dollar Auctions to Support FX Liquidity 
This week is quite risk heavy with lots of economic data from both developed economies as well as Asian giant like China.
What to watch for over the coming days:
- U.S. economic data:
Lot many economic dockets are scheduled for this week. On Monday, its consumer income and spending, consumer confidence on Tuesday, ADP employment report on Wednesday, Unit Labor costs and ISM manufacturing PMI on Thursday and finally the non-farm payroll report on Friday. Better data will increase the likelihood of a rate hike in September.
- UK economic data:
Focus will remain on UK data to assess the impact of the referendum. If it turns out that the UK economy is weathering the storm well, the sterling can go for larger recovery. Consumer credit, money supply, and mortgage approvals data will be released on Tuesday, house prices data scheduled for Wednesday release, and manufacturing PMI report on Thursday.
- Fed speakers:
Two prominent Fed speakers, Loretta Mester of the St. Louis Fed and Eric Rosengren of Boston Fed, both a voter in this year’s FOMC, are scheduled to speak this week.
In addition to the above, unscheduled Brexit commentaries would keep weighing on the market.
