Bank of Japan's Ueda Flags Low Real Interest Rates as Key Factor in Rate Hike Timing 
U.S. Sanctions Target Chinese Refinery Over Iranian Oil Purchases 
Bank of Korea Nominee Shin Hyun-song Signals Possible Rate Hike Amid Middle East Inflation Fears 
Australia Bans Card Payment Surcharges Starting October 2025 
Oil Prices Steady as U.S.-Iran Talks Ease Tensions Despite Strait of Hormuz Disruptions 
Asian Markets Mixed as Oil Prices Rise Amid Middle East Tensions and Ceasefire Uncertainty 
Gold Prices Rise Slightly but Head for Weekly Loss Amid Oil Surge and Inflation Fears 
Bank of Korea Governor Nominee Warns of Action if Korean Won Weakens Further 
India-US Trade Talks Advance Toward $500 Billion Goal Amid Ongoing Negotiations 
This week is extremely risk heavy. Expect lots of volatility.
What to watch for over the coming days:
- Central banks:
Reserve Bank of Australia (RBA) will announce interest rate decision on Tuesday. Bank of Japan (BoJ) will announce interest rate decision on Tuesday. FOMC will announce interest rate decision on Wednesday. Bank of England (BoE) will announce interest rate decision on Thursday.
- US data:
Key economic dockets will be released this week; Personal consumer/spending data on Monday, ISM manufacturing PMI on Tuesday, ADP employment on Wednesday, and non-farm payroll data on Friday.
- China data:
PMI reports are due this week and they would be most closely watched releases from Asia as they are vital for the assessment of the strength of the US economy.
In addition to the above, unscheduled Brexit commentaries would keep weighing on the market.
