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.


RBA Hikes Interest Rate to 4.60% as Inflation Risks Rise
Japanese Yen Retreats as Dollar Rises Ahead of Fed, BOJ Rate Decisions
BOJ Raises Interest Rate to 31-Year High as Yen Weakens
Fed Unveils Stablecoin Rules Under GENIUS Act
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears
RBA Says ASX Still Falls Short on Governance and Risk Controls
Global Central Banks Brace for More Rate Hikes as Inflation Risks Rise 



