Don’t be fooled by gold’s current state of calm. This could be an explosively volatile week for the precious metal due to key economic reports and high-risk events.

This period of market calm could come to an abrupt end next week. A long list of high-risk events is likely to see volatility return with a vengeance and keep investors well-occupied.

The Canadian Dollar is the second-best performer against the US dollar so far in June, gaining 1% thanks to higher oil prices and increased expectations around a BoC rate hike.  

The world's most-traded FX pair has a relatively muted response to the just-released Eurozone inflation data for May, as measured by the consumer price index (CPI).