Core Viewpoint - The Bank of Japan may continue to adjust its policy interest rates while cautiously assessing whether core inflation can stabilize around 2% [1] Group 1 - The Bank of Japan is considering further adjustments to its monetary policy [1] - There is a focus on evaluating core inflation trends and their potential stability [1] - The target for core inflation is set at approximately 2% [1]

Core Insights - The Consumer Price Index (CPI) in Canada decreased from 2.3% in March to 1.7% in April, slightly above market expectations of 1.6% and the Bank of Canada's forecast of 1.5% [1] - The decline in CPI was primarily driven by a significant drop in energy prices, with gasoline prices falling by 18.1% and natural gas prices by 14.1% [1][4] - Core inflation, excluding energy, rose to 2.9% from 2.5% in March, indicating persistent structural inflationary pressures [2][4] Inflation Data Overview - Year-on-year inflation rate: 1.7% (down from 2.3% in March), mainly due to a 12.7% drop in energy prices [1] - Monthly inflation rate: decreased by 0.1%, better than analysts' expectations of a 0.2% decline [1] - Core CPI median increased from 2.8% in March to 3.2%, the highest since March 2024 [3] Structural Inflation Dynamics - CPI excluding extreme values rose from 2.9% to 3.1%, reaching a 13-month high [4] - Food prices in stores increased by 3.8% year-on-year, with fresh beef (+16.2%), coffee and tea (+13.4%), and fresh vegetables (+3.7%) being significant contributors [4] - Restaurant food prices rose by 3.6%, reflecting persistent inflation in the service sector [4] Tourism and Service Prices - Travel prices increased by 6.7% year-on-year, rebounding by 3.7% month-on-month, indicating a seasonal demand recovery [5] Policy Implications - The Bank of Canada has paused its interest rate cuts, with core inflation becoming a focal point ahead of the June 4 rate decision [5] - The central bank has cut rates seven times since June 2024 and emphasized the need to act decisively to control inflation if necessary [5] - The impact of tariffs on inflation has been embedded in final prices, with ongoing monitoring of international trade policies [5]

日本央行审议委员中村豊明：食品价格上涨可能影响核心通胀水平，因此必须保持警惕。 ...

墨西哥央行：预测2025年第四季度核心通胀年均水平为3.4%，此前预测为3.3%；预计2026年第四季度 核心通胀年均水平为3.0%，与此前预测持平。 ...

Group 1 - The geopolitical risks have eased somewhat due to the resumption of US-China trade talks and a temporary ceasefire agreement between Israel and Hamas, but ongoing conflicts such as the Russia-Ukraine war and military confrontations in the Middle East continue to support gold as a safe-haven asset [2] - The Federal Reserve has maintained interest rates, and Powell indicated that there is still a lot of uncertainty, which has cooled expectations for a rate cut in June, leading to a rebound in the US dollar index that has somewhat suppressed the attractiveness of gold priced in dollars [2] - The US national debt has surpassed $36 trillion, and Trump's tariff policies may push core inflation to 3%, which supports gold's anti-inflation properties and keeps long-term funds interested in gold, providing support for gold prices in the Asian market [2] Group 2 - The spot gold price opened at $3366.20 per ounce in the Asian market, initially rising to a high of $3414.79 before a significant drop to a low of $3320.35, indicating weakened bullish momentum [5] - On the hourly chart, gold has broken below the recent trading range, indicating a bearish direction, with strong downward momentum observed on the 15-minute chart suggesting potential for new lows [5] - The trading strategy for today suggests short positions on rallies with a take-profit target at $3310.00 and a stop-loss based on the 15-minute moving average [5] Group 3 - Silver opened at $32.365, showing a similar pattern of initial gains followed by a decline, with only short-term trading opportunities available on the 5-minute chart [7] - The price has fallen below the 20-period moving average, indicating further weakening of bullish momentum and a bearish outlook [7] - The trading strategy for silver suggests short positions on rallies with a stop-loss based on the moving average and a take-profit target at $32.000 [7]

日本央行行长植田和男：关注食品价格上涨对核心通胀的影响。 ...

Group 1 - The core viewpoint is that despite the overall consumer inflation rate in Japan exceeding 3%, the core inflation remains below 2% [1]

日本央行行长植田和男：但预计核心通胀将逐步上升。 ...

金十数据4月30日讯，财经网站Forexlive：德国4月CPI月率略高于预期，但不会改变欧洲央行6月份降息 的计划。不过，核心通胀出现了显著的跃升。我们将观察未来几个月事态的发展，但贸易谈判仍是市场 关注的焦点。从长远来看，如果贸易战方面取得进展，可能会看到需求强劲而突然的回升，这将推动经 济活动和价格上涨。这是值得警惕的，因为它可能引发更强硬的利率预期重新定价。 机构：德国CPI略高于预期也不会改变欧洲央行六月降息的计划 ...

Core Viewpoint - The Bank of Thailand will closely monitor the exchange rate of the Thai baht, with core inflation expected to remain stable [1] Group 1 - The central bank's focus on the baht's exchange rate indicates a proactive approach to managing currency fluctuations [1] - Stability in core inflation suggests a controlled economic environment, which may influence monetary policy decisions [1]