Oil Prices Rise as US-Iran Talks Stall, Inflation Risks Grow 
Singapore Central Bank’s Exchange Rate Policy Explained: Why MAS Uses the S$NEER Instead of Interest Rates 
BOJ Signals Faster Rate Hikes as Inflation Risks Raise September Move Odds 
China Holds Loan Prime Rates Steady for 14th Month as Economic Recovery Remains Uneven 
England Drought Expands to 71% as Heatwave Deepens Water Crisis 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
S&P 500, Nasdaq Slip as Oil Jumps on Iran Tensions 
Oil Prices Rise as Hormuz Reopening Remains Uncertain 
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.
