US and EU Strengthen Critical Minerals Partnership to Reduce China Dependence 
ECB Warns of Rising Inflation Risks Amid Iran War Energy Shock 
Dollar Weakens Amid Middle East Tensions and Anticipated Central Bank Decisions 
Bank of Japan Warns of Regional Economic Risks Amid Middle East Conflict and Rising Oil Prices 
New Zealand Economy Faces Short-Term Pressure but Recovery Remains on Track 
Gold Prices Edge Higher on Weak Dollar but Face Weekly Loss Amid Oil-Driven Inflation Fears 
Japan Inflation Expectations Rise as BOJ Rate Hike Timing Faces Uncertainty 
Bank of Korea Governor Nominee Warns of Action if Korean Won Weakens Further 
Bank of America Maintains Forecast for Two Fed Rate Cuts in 2026 Despite Inflation Risks 
Morgan Stanley: Fed Rate Cuts Still on Track Despite Oil-Driven Inflation 
Australia Bans Card Payment Surcharges Starting October 2025 
Bank of Korea Nominee Shin Hyun-song Signals Possible Rate Hike Amid Middle East Inflation Fears 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Upcoming:
- Japan: Eco-Watchers survey report will be released at 5:00 GMT.
- Germany: Wholesale inflation numbers will be reported at 6:00 GMT.
- Switzerland: Consumer price inflation report will be released at 7:15 GMT for the month of April.
- Eurozone: European Central Bank (ECB) will release economic bulletin at 8:00 GMT.
- United Kingdom: Industrial and manufacturing production numbers will be reported at 8:30 GMT, along with March trade balance figures. The Bank of England (BoE) will announce interest rate decision at 11:00 GMT and will release quarterly inflation report. NIESR will release GDP estimate for three months to April.
- Greece: February unemployment report will be released at 9:00 GMT.
- Portugal: Consumer price inflation report for April will be released at 10:00 GMT.
- United States: Fed’s Dudley is scheduled to speak at 10:25 GMT. Producer price inflation report will be released at 12:30 GMT, along with weekly jobless claims report. Fed’s Evans is scheduled to speak at 13:00 GMT. EIA will release weekly natural gas inventory report at 14:30 GMT.
- Canada: New house price index will be updated at 12:30 GMT.
- New Zealand: Business PMI report will be released at 22:30 GMT.
- Auction: U.S. will auction 30-year note at 17:00 GMT.
