BOJ Rate Hike Expectations Grow as Board Member Signals Hawkish Stance 
Bank of Japan's Ueda Flags Low Real Interest Rates as Key Factor in Rate Hike Timing 
Paraguay Holds Interest Rate at 5.5% as Inflation Remains Stable Amid Global Uncertainty 
Gold Prices Steady Ahead of Trump-Xi Meeting as Inflation and Oil Concerns Persist 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
US-China Trade Talks Begin in South Korea Ahead of Trump-Xi Beijing Summit 
Asian Stocks Steady as Iran War Concerns Persist Ahead of Trump-Xi Summit 
ECB Signals Possible Interest Rate Move if Inflation Outlook Fails to Improve 
RBA Raises Interest Rates to 4.35% Amid Rising Inflation Risks and Middle East Tensions 
This week is quite risk heavy and the focus is on the central bankers.
What to watch for over the coming days:
- Central banks:
The European Central Bank (ECB) is set to draw all the attention this week on Thursday as it announces its next moves in monetary policy. It is widely expected that the central bank would extend its bond purchase timeline, which is set to expire in March next year. The Reserve Bank of Australia (RBA) will announce interest rate decision on Wednesday. Bank of Canada (BoC) will announce its monetary policy decision on Wednesday. Ahead of next week’s meeting, several Fed speakers are scheduled to speak on Monday. New York Fed president William Dudley will speak on the macroeconomic outlook at 8:30 in New York, and an hour later, Chicago Fed president Charles Evans will speak on current economic conditions and monetary policy. Later that afternoon, St. Louis Fed president James Bullard will discuss the outlook for the US economy at a luncheon in Arizona.
- Brexit and Grexit:
European finance ministers are meeting in Brussels today to decide the future of Greek debt; whether a debt relief would be given to or not. UK Supreme court will hear the appeal from the government, which lost a case in the High court, which makes them reveal their Brexit plans before the parliament and seek parliamentary approval to trigger Article 50 of the Lisbon treaty. The hearing begins today and is expected to last 3-4 days.
