RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
Markets React as Tensions Rise Between White House and Federal Reserve Over Interest Rate Pressure 
Bank of Japan Signals Cautious Path Toward Further Rate Hikes Amid Yen Weakness 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
Bank of Korea Expected to Hold Interest Rates as Weak Won Limits Policy Easing 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Not many economic data and events scheduled for today but some with high volatility risks associated.
Data released so far:
- Australia: Westpac consumer confidence is up by 0.4 percent in July.
Upcoming:
- United Kingdom: Unemployment report will be released at 8:30 GMT. RICS house price balance report will be published at 23:00 GMT.
- Eurozone: May industrial production report will be published at 9:00 GMT.
- Portugal: CPI inflation report will be published in June.
- United States: MBA mortgage applications report will be released at 11:00 GMT. Fed Chair Janet Yellen will testify before Congress beginning 14:00 GMT. EIA will release weekly crude oil inventory report at 14:30 GMT. Fed will release the Beige book at 18:00 GMT.
- Canada: BoC will announce monetary policy decision at 14:00 GMT, followed by a press conference with the governor at 15:15 GMT.
- New Zealand: Food price index will be updated at 22:45 GMT.
- Auction: U.S. will auction 10-year note at 17:00 GMT.
