Bank of Japan Likely to Delay Rate Hike Until July as Economists Eye 1% by September 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
Federal Reserve Faces Subpoena Delay Amid Investigation Into Chair Jerome Powell 
Bank of Korea Expected to Hold Interest Rates as Weak Won Limits Policy Easing 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
This week is quite risk-heavy, both in terms of data and events.
What to watch for over the coming days:
- Central Banks:
Bank of England’s (BoE) chief economist Andy Haldane is scheduled to speak on Tuesday. Reserve Bank of Australia (RBA) governor Philip Lowe is scheduled to speak on Wednesday. Federal Reserve will announce interest rate decision on Wednesday.
- Economic data:
CPI inflation report from Australia on Wednesday. UK second quarter GDP number on Wednesday. US second quarter GDP number on Friday.
- Trump:
President Donald Trump’s son Donald Trump Jr., former campaign manager Paul Manafort, and son-in-law Jared Kushner are scheduled to appear before US congress on a hearing on U.S. election meddling.
- OPEC meeting:
OPEC review committee which includes Kuwait, Algeria, Venezuela, and two other participating N-OPEC countries including Russia and chaired by Kuwait will hold a review and compliance meeting in St. Petersburg Russia on Monday.
- US Earnings:
Second quarter earnings season continue this week with reports from nearly 200 companies including big names like Alphabet, Newmont Mining, McDonald’s, Caterpillar, General Motors, AT&T, Wynn Resorts, Boeing, Gilead Sciences, Whole Foods, ConocoPhillips, Amazon, Mattel, and ExxonMobil.
Along with the above fundamentals, unscheduled Brexit commentaries, happenings in the Middle East and Korean peninsula are likely to keep influencing the market.
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