Before the weekend, Trump made an urgent statement! The non-farm payrolls "nuclear explosion" triggered a global asset earthquake: the Nasdaq plunged 2.7%, the dollar broke through 100, gold plummeted $150, and Bitcoin dropped 15%.

Over the past week, the main developments in the global forex and CFD brokerage and retail trading platform industry focused on macroeconomic volatility, performance divergence among listed brokers, cost pressures, product expansion, competition for trading access, regulatory events, and market prediction strategies. The US May non-farm payrolls data exceeded market expectations, causing significant volatility in the dollar, US Treasury yields, gold, stock indices, and cryptocurrency markets, creating a more active trading environment for forex and CFD platforms.

However, high volatility doesn't only mean profit opportunities; it also means greater risk management pressure. For platforms offering high-leverage products, the rapid jumps and falls after the non-farm payrolls data release can lead to increased slippage, margin calls, forced liquidations, and rising customer complaints. Therefore, this week's market conditions also served as a concentrated test of brokers' liquidity access, quote stability, and risk management capabilities.

Therefore, the more accurate industry keyword this week is "differentiation and restructuring." On the one hand, macroeconomic fluctuations have brought opportunities for a rebound in trading activity within the industry; on the other hand, the differences between platforms in terms of customer quality, cost control, product layout, technology access, and compliance capabilities are being further amplified.

Last Week's Market Performance Review:

At the end of last week, US stocks closed sharply lower, bringing an abrupt end to Wall Street's nine-week winning streak. Chip stocks suffered a sharp sell-off, US May non-farm payroll data far exceeded expectations, and the Middle East situation exacerbated concerns about energy inflation. Multiple pressures combined to drive investors to reprice the Federal Reserve's policy path. At the close, the Dow Jones Industrial Average fell 695.15 points, or 1.35%, to 50,866.78; the S&P 500 fell 200.57 points, or 2.64%, to 7,383.74; and the Nasdaq Composite Index plunged 1,121.53 points, or 4.18%, to 25,709.43.

Last week, gold prices fell below $4,350 an ounce on Friday, reaching their lowest level since 2026, and are expected to decline by more than 4% this week. Influenced by significantly better-than-expected US non-farm payroll data and upward revisions to the first three months' employment data, the probability of a Federal Reserve rate hike increased, causing spot gold prices to plunge sharply, reaching $4,336 per ounce during the session, a drop of more than 4%. The stronger-than-expected US jobs report and continued uncertainty in the Middle East exacerbated concerns about inflation and interest rates. This prompted investors to increase their bets on a Fed rate hike, with the market now expecting a 25 basis point increase by the end of the year.

Silver prices fell below $70 an ounce last week, reaching their lowest level since the end of March, and are expected to decline by more than 7% this week. The stronger-than-expected US jobs report and continued uncertainty in the Middle East have brought inflation and interest rate concerns into focus. Investors are also paying attention to the situation in the Middle East.

The US dollar strengthened significantly on Friday, driven by much stronger-than-expected US non-farm payroll data and upward revisions to the first three months' employment figures. The dollar index rebounded from its intraday low of around 99.16, rising 0.62% and holding above the 100.00 level at 100.06. The immediate impact of the data on major assets was clearly visible. The euro fell to a low of 1.1518 against the dollar, and the pound fell to a low of 1.3330. The yield on the 10-year US Treasury note rose to around 4.52%, with the 2-year yield also increasing.

The euro/dollar pair continued to face strong selling pressure on Friday, falling back to around 1.1500, a multi-week low. This sharp pullback in the pair was due to the strong dollar, responding to the stronger-than-expected non-farm payroll data and stable market expectations that the Federal Reserve would maintain a hawkish stance. US non-farm payrolls in May significantly exceeded expectations, adding 172,000 jobs. The dollar rebounded after the data release, helping the dollar recover from its intraday low to 160.34 against the yen. Warnings from Japanese authorities continued to limit the pair's upside potential near the 160.00 level.

The pound fell below 1.3400 to a low of 1.3330 on Friday, down 0.61% against the dollar, as the latest US non-farm payrolls report far exceeded expectations, supporting the argument that the economy may be nearing full employment. Meanwhile, Iran's support for Hezbollah's decision on the US proposal for a ceasefire between Israel and Lebanon could hinder negotiations between Tehran and Washington. The US Bureau of Labor Statistics reported that non-farm payrolls increased by 172,000 in May, following an upward revision of 179,000 in April. The Australian dollar traded around 0.7038 against the US dollar at Friday's close, having fallen 1.88% on Monday, as the stronger-than-expected US jobs report supported the dollar.

WTI crude oil fell 2.7% over the weekend to around $88 a barrel, but rose about 2.0% for the week; the market focused on signs of weak global demand and the lack of breakthroughs in negotiations between Washington and Tehran. Despite President Trump's insistence that discussions with Iran are progressing, tensions remain high, and disagreements over Lebanon continue to complicate efforts to reach a broader agreement.

Bitcoin is facing the most severe test of this bull-bear cycle. On Friday (June 6), its price fell to $59,764, its lowest level since October 2024. As of press time, it was trading at around $60,941.60, a daily drop of nearly 15%, and a cumulative drop of nearly 17% this week. Compared to its all-time high, the depth of this plunge is even more alarming—Bitcoin has fallen more than 50% from its peak of $126,080 in October 2025, officially entering a technically "halved" range.

The yield on the 10-year U.S. Treasury note rose about 6 basis points to 4.54% on Friday, as a stronger-than-expected jobs report reinforced market expectations that the Federal Reserve may need to raise interest rates again; the market almost universally anticipates a 25 basis point rate hike before the end of the year. Meanwhile, the yield on the 2-year Treasury note, which is more sensitive to changes in interest rate expectations, rose about 10 basis points to 4.16%.

Market Outlook for This Week:

Global financial markets are about to enter a crucial week with a flurry of data and policy announcements. Geopolitical tensions in the Middle East will impact oil prices, and central banks from the U.S., Europe, Canada, and Japan will take turns making moves. Coupled with the release of major inflation data from the U.S. and China, multiple variables will jointly drive short-term asset pricing. The first policy meeting of newly appointed Federal Reserve Chairman Warsh is entering its pre-meeting phase, and the strength or weakness of US inflation data may rewrite the year's monetary policy expectations. The European Central Bank faces a crucial interest rate decision after more than six months, and the Bank of Canada and the Bank of Japan will also release policy signals. Meanwhile, Chinese price data will influence the Australian dollar's performance. Amidst the dual disturbances of geopolitical conflicts and new trade policies, the US dollar, euro, yen, crude oil, gold, and global stock markets will all face important directional decisions.

This Week's Conclusion:

Any potential breakthrough in the long-standing stalemate between Iran and the US will dominate global markets next week, as high energy prices continue to make central banks concerned about inflation risks. The US will release consumer and producer inflation data, the final price indicators before the Fed's decision this month, as well as existing residential sales and trade balance. Similarly, China is awaiting trade and inflation data. Meanwhile, the European Central Bank and the Bank of Canada will set their monetary policies. In addition, OPEC+ will vote on cartel production quotas at its first meeting without the UAE.

Trade War Escalates Again! The US Redraws its Tariff Landscape Under the Guise of Labor Issues

The US has imposed tiered tariffs on 60 countries globally, using labor issues as a pretext. Many countries have collectively objected, escalating trade frictions and potentially directly impacting gold prices and other asset classes.

The Trump administration has once again wielded the tariff weapon, using the pretext of combating forced labor to introduce a new tariff plan, imposing tiered tariffs on dozens of major trading partners worldwide, triggering a new round of global trade frictions.

Previously, in February of this year, the US Supreme Court ruled to overturn the "Tariff Liberation Day" series of tariff bills previously implemented by Trump. After the old tariff system was rendered obsolete, the US immediately used new reasons to reconstruct its tariff rules, initiating a new round of trade protectionism.

Background of the New Rules: Supreme Court Overturns Old Tariff Rules, US Resumes Tariffs Under a New "Pretext"

The office of US Trade Representative Greer officially disclosed the details of the tariffs last week. These tariffs stem from a special trade investigation launched by the US in March. All 60 trading partners, representing 99.4% of US imports, were included in the investigation list. Before the tariffs are officially implemented, they must undergo legal procedures such as public comment.

The US unilaterally determined that all participating countries on the list have significant loopholes in their legislation or enforcement regarding forced labor, making it impossible to control the influx of illegal goods into the US market at the source.

Tariff Details: Two-Tier Tariff Rates + Exemption Clauses, Textiles Subject to "Exchange Conditions"

Regarding tariff rates, the US adopts a two-tiered standard: goods from 45 economies, including China, India, Japan, and Brazil, are subject to a uniform 12.5% ​​tariff.

Goods from 16 countries and regions, including Canada, the EU, the UK, Mexico, and Argentina, are subject to a base tariff of 10%. The US claims that these countries have implemented some corrective measures or made relevant written commitments.

Meanwhile, beef, coffee, tomatoes, and other categories received tariff exemptions. The US also included supplementary clauses allowing trading countries to apply for tariff reductions on corresponding categories of exported goods if they purchase sufficient quantities of US textiles.

US Rationale: Trade Protectionism Under the Guise of "Fair Competition"

The US is forcibly trying to justify its new regulations. Greer stated that labor regulations vary widely across countries, and some manufacturers rely on non-compliant labor practices to lower production costs, putting compliant US companies at a disadvantage and continuously harming the interests of US workers.

Greer stated bluntly that the US cannot tolerate a distorted competitive environment in global trade and will use tariffs to correct trade imbalances.

Multiple Countries Reject: Unilateral Tariffs Met with Collective Opposition, Questioning US "Political Manipulation"

However, this unilateral tariff has been collectively rejected by multiple countries. China explicitly denies any forced labor issues, directly accusing the US of using human rights as a pretext for political manipulation and the erection of arbitrary trade barriers.

The EU stated that the tariffs lack legal basis and will adhere to previous bilateral trade agreements with the US.

The UK stated that it has implemented comprehensive anti-slavery legislation and continues to improve global supply chain governance.

Indian industry analysts pointed out that the tariffs are essentially a tool for US pressure and suggested that India defend itself legally and follow Malaysia's example by suspending bilateral free trade negotiations.

Subsequent Concerns: Temporary Tariffs Approaching Expiration, Adding Uncertainty to Global Supply Chains

In fact, this is not the first time Trump has imposed temporary tariffs. After a court overturned an old tariff, the White House introduced a 10% temporary global tariff, originally planned to be increased to 15%. This temporary tariff is set to expire in July, and whether it will be extended depends on a congressional vote.

The widespread implementation of tariffs will inevitably raise US import costs, increase the risk of domestic inflation, and likely lead to retaliatory measures from trading partners, posing a challenge to the stability of global supply chains.

This rule is likely to take effect in late July (the original 10% global temporary tariff expires on July 24th), replacing the expiring temporary tariff.

Conclusion:

Looking at past precious metal market performance, the impact of the trade war on precious metals is as follows: If the market does not experience significant panic, precious metals will continue to move in line with market interest rates, and most of the time move inversely to the US dollar index. However, if the market experiences panic selling of assets due to the trade war, it is likely that stocks, bonds, and currencies will all decline, with gold following suit.

A sharp drop in inventories coupled with a protracted trade war: Oil prices aim for $100

Last week, EIA data showed that US crude oil inventories fell sharply by 8 million barrels in a single week. As of the week ending May 29th, US commercial crude oil inventories plummeted by 8 million barrels to 433.7 million barrels, far exceeding analysts' expectations of a 4 million barrel drop, and rewriting the record for the largest weekly decline this year. This is double the expected decline; meanwhile, the US-Iran conflict entered its fourth month, with multiple pressures pushing both Brent and WTI crude oil prices nearing key psychological levels.

Oil exports hit second-highest level on record

This result was driven by a simultaneous surge in exports and refinery demand. Weekly oil exports reached 5.9 million barrels per day, the second-highest level on record, leading to a weekly decrease of 6.7 million barrels in Gulf Coast storage areas. At the same time, refinery utilization rates rose to 94.7%, indicating that downstream demand is operating at high intensity. Inventories at Cushing, Oklahoma—the WTI futures pricing hub—also shrank further by 583,000 barrels to 22.4 million barrels.

Of particular concern is the continued depletion of the Strategic Petroleum Reserve (SPR). The SPR decreased by another 8 million barrels this week, reaching its lowest point since January 2024. This oil is part of the 172 million barrels of emergency reserves released by the US government to cope with soaring oil prices. Matt Smith, head of commodities research at Kpler, offered a precise analysis: Although a significant portion of the crude oil released by the SPR flowed into commercial inventories, commercial inventories still saw a net decrease of 8 million barrels—meaning a real contraction of 16 million barrels in total crude oil inventories. Since the start of the US-Israel joint operation against Iran on February 28, US crude oil inventories have cumulatively decreased by approximately 63.9 million barrels. These four months' figures outline the complete picture of the structural tightening of wartime supply.

"SPR crude oil continues to decrease from inventories, with another 8 million barrels decreasing last week. Despite a large amount of crude oil shifting to commercial inventories, commercial inventories still decreased by 8 million barrels—meaning a total decrease of 16 million barrels in crude oil inventories."

Geopolitics

The conflict in Iran is the fundamental narrative behind this round of crude oil price movements. The conflict has lasted for four months, and there have been no signs of any substantial negotiations between the US and Iran to date. Major buyers in Asia and Europe continue to seek alternative supply channels to replace the blocked oil flows from the Middle East. This is the direct reason why US exports have remained at historically high levels, and also the underlying logic behind this week's unexpected inventory decline. Brent crude oil has historically been more sensitive to the situation in Iran than WTI, and the persistent price difference between the two is itself a pricing reflection of a geopolitical premium. As long as the negotiating table remains empty, this premium is unlikely to dissipate.

Short-term Disruptions on the Demand Side

Of course, not all data points to optimism. Following the Memorial Day long weekend, refined product inventories unexpectedly accumulated: gasoline inventories increased by 3.4 million barrels, a significant deviation from analysts' expectations of a 500,000-barrel decrease; distillate fuel inventories also increased by 1.5 million barrels, while an expected decrease of 300,000 barrels was anticipated. UBS analyst Giovanni Stanovo attributed this to a temporary pullback in implied demand after the holiday and predicted that this effect would naturally dissipate in the coming weeks, at which point refined product demand should return to an upward trajectory. The decrease in total product supply (a proxy indicator of demand) by 610,000 barrels per day to 20.33 million barrels per day is a marginal variable that needs continuous monitoring.

Conclusion:

The temporary fluctuations in refined oil prices are insufficient to shake the overall bullish trend in crude oil. Structural tightening on the supply side and persistent geopolitical premiums remain the core engines driving prices towards $100.

The current operational logic is quite clear: with the combined effects of geopolitical premiums and supply tightening, shorting crude oil at any level offers no advantage in terms of returns. Waiting for a pullback to buy is the most cost-effective strategy at this stage.

Simple Logical Deduction: Is the Euro Becoming a Safe-Haven Attribute?

Amidst frequent geopolitical conflicts and rising global policy uncertainty, the safe-haven logic in the currency market is quietly changing. The euro, a traditionally non-core safe-haven currency, has recently begun to exhibit noteworthy safe-haven characteristics.

The Core Logic of Safe-Haven Currencies and the Historical Performance of the Euro

The core value of safe-haven currencies lies in providing investors with an asset "safe haven" when market risks are concentrated. When global markets enter a risk-averse mode, funds will continue to flow into these assets—they can both preserve value and even achieve exchange rate appreciation during periods of escalating risk.

This rebalancing of asset allocation often lowers yields on high-rated sovereign bonds such as US Treasury bonds and German bonds, while classic safe-haven currencies like the US dollar, Swiss franc, and Japanese yen tend to strengthen. However, historically, the euro has consistently underperformed during periods of heightened risk aversion: its effective exchange rate has appreciated by an average of only 0.1%, far lower than the Swiss franc's nearly 0.7% increase during the same period.

**Periods of High Risk Events: Euro's Safe-Haven Characteristics Gradually Emerge**

From 2025 to early 2026, a series of global risk events will unfold, and the sudden shifts in market sentiment will continue to churn the currency market. During this period, the euro's safe-haven characteristics will gradually become apparent.

On April 2, 2025, the US announced new tariff policies, triggering a sharp increase in volatility in global financial markets. The euro did not weaken along with risk assets; instead, it surged in tandem with traditional safe-haven currencies such as the Swiss franc and Japanese yen.

In contrast, the US dollar depreciated against the trend, and US Treasury yields rose in tandem—this cross-currency inverse correlation is quite unusual in typical safe-haven markets.

Similar patterns have repeatedly played out in risk events originating from the United States: whether it's the US Department of Justice subpoenaing the Federal Reserve, or the escalation of geopolitical tensions between the US and Europe over Greenland and the announcement of US tariffs on Europe, the US dollar has consistently faced downward pressure, while the euro, Swiss franc, and Japanese yen have all appreciated.

Middle East Conflict Tests: The Euro's Safe-Haven Resilience and Divergent Trends

The outbreak of geopolitical conflict in the Middle East has further tested the euro's safe-haven resilience.

In the early stages of the conflict, influenced by rising global risk aversion, the euro weakened rapidly in the short term; however, as geopolitical tensions eased marginally, the euro gradually recovered some of its losses. This trend closely mirrored that of the Swiss franc and Japanese yen, while the US dollar exhibited a pattern of "rising initially and then falling back."

The initial strength of the US dollar relative to the euro was primarily driven by the global safe-haven premium, confirming that the US dollar's core safe-haven status remains unshakeable. However, the fluctuations in the US dollar exchange rate are not solely driven by global risks: the US, as an energy exporter, has benefited from improved terms of trade amid geopolitical conflicts; while, the Eurozone, as a net energy importer, has suffered from deteriorating terms of trade.

This divergence in economic fundamentals between the US and Europe has further pressured the euro exchange rate downward.

In fact, the varying degrees to which different countries are affected by energy shocks are also a significant factor contributing to the broad-based strengthening of the US dollar. Subsequently, as global tensions eased, the euro rebounded against the dollar, but the exchange rate has consistently failed to return to pre-war levels.

The Eurozone's Path to Breaking the Impasse: From "Occasional Safe Haven" to "Stable Safe Haven"

For the Eurozone, in the context of persistently high global macroeconomic uncertainty, the key path to effectively hedge against the risk of sharp exchange rate fluctuations is clearly visible: accelerating and deepening the integration of capital markets, relying on a sound market system to help the euro complete its transformation into a global international currency.

Historical experience shows that currencies possessing only safe-haven attributes but lacking international applications are highly susceptible to significant exchange rate volatility when turning points in investor sentiment occur.

The US dollar, Japanese yen, and Swiss franc have all seen rapid price surges during crises thanks to massive influxes of safe-haven funds. However, the domestic markets for the yen and franc are far less deep and liquid than the US market, making it difficult to smoothly absorb large-scale speculative inflows and outflows in the short term. The core driver of these funds is global risk aversion, rather than confidence in the intrinsic fundamentals of the economy.

Since April 2025, the euro has repeatedly broken free from the typical volatility characteristics of safe-haven currencies, laying the foundation for further consolidation of its position.

Conclusion:

Looking to the long term, the Eurozone needs to finalize a feasible timetable for implementation and earnestly expand its capital markets, increasing market depth and liquidity.

Only in this way can the euro smoothly absorb cross-border safe-haven funds and effectively guide these inflows into high-quality projects in the real economy, truly achieving a transition from "occasional safe-haven" to "stable safe-haven."

Global Central Banks Resume Net Gold Purchases in April 2026

The latest official statistics show a significant reversal in the gold trading behavior of central banks worldwide. After a large-scale net sale of gold in March, global central banks resumed net gold purchases in April 2026, with net purchases reaching 17 tons, reversing the selling trend of the previous month.

The latest official statistics show a significant reversal in the gold trading behavior of global central banks. After a large-scale net sale of gold in March, global central banks resumed net gold purchases in April 2026, with net purchases reaching 17 tons, reversing the selling trend of the previous month. The valid data for this statistical analysis is as of May 29, 2026, and is compiled based on publicly available information from the International Monetary Fund and central banks worldwide, ensuring its authority.

Monthly Trading Performance of Central Banks Diverges

Looking at the short-term trading data of central banks in April, the operations of various countries show a clear divergence. Many countries continued to increase their holdings, while only a few continued their selling trend. Poland was the world's largest gold buyer in April, with net purchases of 14 tons of gold that month. The People's Bank of China (PBOC) has also significantly accelerated its gold purchases, with a net monthly purchase of 8 tons, marking the highest monthly purchase volume since December 2024. This also extends the PBOC's continuous gold purchase streak to 18 months, demonstrating a very stable upward trend.

The Czech central bank has also maintained its long-term, normalized gold purchase schedule, with a net purchase of 3 tons in April, achieving a stable record of 38 consecutive months of monthly gold purchases. In contrast, the Russian central bank has continued its gold selling, with a net sale of 6 tons in April, bringing its cumulative sales for 2026 to 22 tons, making it the main central bank currently selling gold.

Current Gold Reserve Holdings

Looking at the overall data for 2026, the gold reserve sizes of central banks around the world are steadily updating, with varying holding structures. Poland, thanks to its large purchase in April, has increased its cumulative gold purchases for the year to 45 tons, bringing its total gold reserves to 595 tons, accounting for 30% of its total foreign exchange reserves, with the proportion of gold reserves continuing to rise. (Major net buyers: Poland, Uzbekistan, China, and Kazakhstan are the main net buyers. Major net sellers: Turkey is the absolute largest net seller, far exceeding other countries; Russia and Azerbaijan are next.)

After China added 8 tons of gold in April, its official gold reserves totaled approximately 2,322 tons, accounting for 9% of its total foreign exchange reserves. Its long-term strategy of steady accumulation continues to be implemented, and its reserve structure is constantly being optimized. The Czech central bank made a small net purchase of 2 tons of gold in April, increasing its total gold reserves to 79 tons, accounting for 6% of its total reserves, maintaining a steady pace of accumulation.

Other key central bank trading dynamics

Besides the core gold-buying and selling countries, the trading performance of the central banks of Uzbekistan and Turkey is relatively unique. Uzbekistan sold a small amount of gold in April, but is still a net buyer overall this year, having purchased a total of 24 tons, second only to Poland in terms of purchase volume. Its gold reserves are 414 tons, accounting for a high proportion of 88% of its total reserves, with gold holding an absolute dominant position in its foreign exchange reserves.

Turkey's central bank was a major global seller of gold in March, while its gold reserves remained largely unchanged in April, indicating a generally stable trading environment. Due to the expiration of short-term gold-to-dollar swap contracts, Turkey currently only has medium- to long-term swap contracts with maturities of 1 to 3 months remaining. Its reserve management strategy leans towards a long-term, stable approach. Detailed reserve management strategies can be found in the World Gold Council's Q1 2026 Gold Demand Trends report.

Regional Gold Purchasing Pattern: Asian and European Central Banks as the Main Force

From a regional perspective, central banks in Eastern Europe and Asia have long dominated the global central bank gold purchasing market, maintaining a consistently stable purchasing trend. Over the past 36 months, the average monthly net gold purchases by central banks in these two regions reached 12 tons and 11 tons respectively, demonstrating very strong demand. During the same period, the global average monthly net gold purchases by central banks totaled 29 tons, highlighting that central banks in emerging markets in Asia and Europe are the core force in global central bank gold purchasing and a key factor supporting the steady growth of global gold reserves.

Conclusion:

2025 survey data shows that 95% of surveyed central banks believe global central bank gold reserves will continue to grow over the next 12 months, significantly higher than 81% in 2024; meanwhile, 43% of surveyed central banks plan to increase their own gold reserves, a significant increase from 29% in 2024. This fully demonstrates the continued stability of gold's core value in the global foreign exchange reserve system due to its safe-haven and value-preserving attributes, suggesting that the trend of central bank gold purchases may continue in the future.

Overview of Important Overseas Economic Events This Week:

Monday (June 8): Japan's Q1 seasonally adjusted real GDP quarter-on-quarter revised figure (%); Eurozone June Sentix Investor Confidence Index; US May New York Fed 1-year inflation expectations (%)

Tuesday (June 9): Australia's ANZ Consumer Confidence Index for the week ending June 7; US ADP Employment Change for the week ending May 23 (in thousands); US April Trade Balance (in billions of US dollars); US April Wholesale Inventories Final Month-on-Month Rate (%)

Wednesday (June 10): US May CPI Annual Rate (Unadjusted) (%); US EIA Crude Oil Inventory Change for the week ending June 5 (in thousands of barrels); US June IPSOS Main Consumer Sentiment Index (PCSI); Bank of Canada Interest Rate Decision

Thursday (June 11): Japan's Q2 BSI Large Manufacturers Confidence Index; US May PPI Annual Rate (%); European Central Bank Interest Rate Decision; European Central Bank President Christine Lagarde holds a press conference on monetary policy.

Friday (June 12): UK April Industrial Production (MoM/YoY) (%); UK April GDP (MoM) (%); US June University of Michigan Consumer Sentiment Index (Preliminary); Reserve Bank of New Zealand Assistant Governor Sheikh Silk delivers a speech.

Disclaimer: The information contained herein (1) is proprietary to BCR and/or its content providers; (2) may not be copied or distributed; (3) is not warranted to be accurate, complete or timely; and, (4) does not constitute advice or a recommendation by BCR or its content providers in respect of the investment in financial instruments. Neither BCR or its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.