Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Dollar Holds Near Two-Month High as Yen Approaches 160 
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The German bund prices are expected to remain weak for a short period, following the improvement in investors’ risk appetite as the U.S.-China trade tensions started to ease, after a lengthy period of uncertainties and trade war worries.
Investors will now keep an eye over Eurozone’s consumer price inflation for the month of June, scheduled to be released on July 18 by 09:00GMT and of utmost importance, on the summit between U.S. President Donald Trump and Russian counterpart Vladimir Putin, scheduled to be held today in the Finnish capital, Helsinki.
Although prices remain volatile in a fluctuating market scenario over past few days, any steep fall could see prices plunging below 162.154 and bearishness below could drag till 161.34 (200-day MA).
The German 10-year bond yields, which move inversely to its price, rose 1 basis point to 0.29 percent, the yield on 30-year note also edged higher by nearly 1 basis point to 1.02 percent and the yield on short-term 2-year traded tad higher at -0.65 percent by 09:50GMT.
The coming week’s euro area data calendar is relatively sparse. June trade figures will be announced today, with new car registration numbers due tomorrow. Wednesday brings final euro area inflation figures for June.
While a downward revision was seen in France, the euro area numbers still seem highly likely to confirm the flash estimates, with headline inflation up 0.1ppt from May to 2.0 percent y/y, but core inflation down 0.1ppt to just 1.0 percent y/y, still firmly within the range of the past four years. Construction output figures for June are also due on Wednesday. And the ECB’s euro area balance of payments are due at the end of the week.
Lastly, U.S. President Donald Trump has said ties with Russia have "NEVER been worse" and blamed US politicians, ahead of his first-ever summit with counterpart Vladimir Putin. In a tweet the US president denounced his predecessor's "stupidity" and the "rigged" inquiry into alleged Russian interference in the 2016 election, BBC News reported.
Meanwhile, the German DAX traded 0.17 percent higher at 12,561.97 by 10:00GMT, while at 10:10GMT, the FxWirePro's Hourly Euro Strength Index remained neutral at 43.86 (higher than +75 represents bullish trend). For more details, visit http://www.fxwirepro.com/currencyindex
