Fed Rate Cut Hopes Fade as Oil Prices Stoke Inflation Fears 
BOJ Holds Interest Rates Steady Amid Middle East Uncertainty 
ECB Eyes Rate Hike Amid Iran Conflict-Driven Energy Price Surge 
ANZ and Westpac Forecast Two RBA Rate Hikes in March and May 2026 
Fed Holds Rates Steady as Middle East Conflict Clouds Inflation Outlook 
RBA Raises Cash Rate to 4.10% in Closest Vote Since Transparent Voting Began 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- Australia: Consumer inflation expectation declined to 3.9 percent in July.
Upcoming:
- Germany: CPI inflation report will be released at 6:00 GMT.
- France: CPI inflation report will be released at 6:45 GMT.
- United Kingdom: BoE will release the credit condition survey report will be released at 8:30 GMT.
- Eurozone: Industrial production report will be released at 9:00 GMT.
- United States: FOMC member Kashkari is set for a speech at 12:30 GMT. Weekly jobless claims report will be released at 12:30 GMT, along with CPI inflation report. EIA will release weekly natural gas inventory report at 14:30 GMT. FOMC member Harker is set for a speech at 16:15 GMT. June budget statement will be released at 18:00 GMT.
- Canada: New house price report will be released at 12:30 GMT.
- New Zealand: Business PMI report will be released at 22:30 GMT.
- Auction: U.S. will auction 30-year bond at 17:00 GMT.
