BOJ Holds Interest Rates Steady Amid Middle East Uncertainty 
Taiwan Central Bank Expected to Hold Interest Rates Steady Through 2027 
Bank of Japan Holds Rates Steady Amid Inflation Concerns and Yen Weakness 
Fed Rate Cut Hopes Fade as Oil Prices Stoke Inflation Fears 
Global Central Banks Hold Rates Amid Iran War-Driven Energy Price Surge 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
RBA Set for Back-to-Back Rate Hikes, Westpac Forecasts 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Upcoming:
- Germany: PPI inflation report for the month of May will be released at 6:00 GMT. Prior 2.5 percent y/y, expected 2.1 percent.
- Italy: Trade balance report due at 8:00 GMT.
- Eurozone: April current account balance report due at 8:00 GMT, followed by construction output report at 9:00 GMT. ECB President Draghi’s speech due at 14:00 GMT.
- United Kingdom: Inflation reports including RPI, CPI, PPI, and HPI will be released at 8:30 GMT. CBI will release its industrial trend survey report at 10:00 GMT.
- United States: MBA mortgage applications report will be released at 11:00 GMT. EIA will release its weekly crude oil inventory report at 14:30 GMT. Federal Reserve will announce monetary policy decision and will release projection materials at 18:00 GMT.
- Canada: CPI inflation report will be released at 12:30 GMT.
- New Zealand: Q1 GDP report due at 22:45 GMT.
