Asian Currencies Hold Steady as Strong U.S. Inflation Data Boosts Dollar 
Oil Prices Slip as Strait of Hormuz Disruptions and U.S. Inventory Data Keep Markets on Edge 
Gold Prices Hold Steady as Investors Monitor U.S.-Iran Tensions and Trump-Xi Summit 
BOJ Holds Interest Rates at 0.75% as Policymakers Signal Growing Inflation Concerns 
Fed’s Goolsbee Warns Inflation Remains Elevated, Signals Caution on Rate Cuts 
RBA Rate Hike Outlook: Impact on AUD/USD and ASX 200 
US-China Trade Talks Begin in South Korea Ahead of Trump-Xi Beijing Summit 
Trump Faces Uphill Battle Seeking China’s Help on Iran Conflict 
Bank of England Set to Hold Interest Rates as Inflation Risks and Iran War Impact Loom 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Upcoming:
- OPEC and N-OPEC meetings scheduled today. Outcome expected at 15:00 GMT.
- Spain: First quarter GDP report will be released at 7:00 GMT.
- Italy: Industrial sales and orders report will be released at 8:00 GMT, followed by April trade balance report at 9:00 GMT.
- United Kingdom: first quarter flash GDP numbers will be published at 8:30 GMT. Business investment report for the first quarter will be published at 9:30 GMT.
- United States: Weekly jobless claims report will be published at 12:30 GMT, along with goods trade balance for April. Kansas Fed manufacturing report will be published at 15:00 GMT. EIA will release weekly inventory report at 14:30 GMT. FOMC member Brainard is scheduled to speak at 14:00 GMT.
- Japan: Tokyo and National CPI reports will be published at 23:30 GMT.
