South Korea Central Bank Signals Cautious Policy Amid Inflation and Middle East Tensions 
Singapore Tightens Monetary Policy Amid Middle East War Inflation Risks 
Federal Reserve Probes Big Banks Over Private Credit Exposure Amid Growing Systemic Risk Concerns 
Bank of Japan Governor Signals Accommodative Stance Amid Negative Real Rates 
Bank of Korea Nominee Shin Hyun-song Signals Possible Rate Hike Amid Middle East Inflation Fears 
RBNZ Holds Rates at 2.25% as Middle East Conflict Fuels Inflation Concerns 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Australia: Westpac consumer confidence declined by 1.8 percent in June.
- China: Urban investment is up 8.6 percent y/y. Industrial production is up 6.5 percent y/y. Retail sales grew 10.7 percent y/y in May.
- Japan: Industrial production is up 5.7 percent y/y in April, up 4 percent on a monthly basis.
Upcoming:
- Germany: HICP inflation report will be released at 6:00 GMT.
- United Kingdom: Unemployment report will be published at 8:30 GMT.
- Eurozone: Industrial production report for April will be released at 9:00 GMT, along worth first quarter employment change report.
- United States: MBA mortgage applications report will be published at 11:00 GMT, followed by retail sales report and consumer price inflation report at 12:30 GMT. EIA will release crude oil inventory report at 14:30 GMT. FED will announce interest rate decision at 18:00 GMT.
- New Zealand: 1st quarter GDP details will be released at 22:45 GMT.
