Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
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 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
BOJ Policymakers Warn Weak Yen Could Fuel Inflation Risks and Delay Rate Action 
RBA Expected to Raise Interest Rates by 25 Basis Points in February, ANZ Forecast Says 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- China: Consumer price inflation rose by 1.2 percent y/y in April. Producer price inflation is up 6.4 percent.
Upcoming:
- Japan: Coincident index and leading economic index will be updated at 5:00 GMT.
- France: Trade balance for March will be reported at 6:45 GMT, along with Industrial output data and current account balance.
- Italy: Italy will release March Industrial output report at 8:00 GMT.
- Greece: Industrial production report for March will be reported at 9:00 GMT, along with consumer price inflation report.
- Portugal: March trade balance report will be released at 10:00 GMT, along with first quarter unemployment report.
- United States: MBA mortgage applications report will be released at 11:00 GMT, followed by terms of trade for April. EIA will release weekly crude oil inventory report at 14:30 GMT. Fed’s Rosengren is scheduled to speak at 16:00 GMT. April budget details will be reported at 18:00 GMT.
- New Zealand: RBNZ will announce interest rate decision at 21:00 GMT.
- Japan: March trade balance report will be released at 23:50 GMT.
- Auction: U.S. will auction 10-year note at 17:00 GMT.
