RBA Set for Back-to-Back Rate Hikes, Westpac Forecasts 
Goldman Sachs Delays Bank of England Rate Cut Forecast Amid Middle East Inflation Risks 
Bank of Japan Governor Signals Gradual Progress Toward 2% Inflation Target 
BOJ Holds Interest Rates Steady Amid Middle East Uncertainty 
Taiwan Central Bank Expected to Hold Interest Rates Steady Through 2027 
J.P. Morgan Now Expects Two ECB Rate Hikes Amid Inflation Pressures 
Global Central Banks Hold Rates Amid Iran War-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 
Bank of Japan Holds Rates Steady Amid Inflation Concerns and Yen Weakness 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- China: Trade balance for June came at $42.77 billion. Imports are up 17.2 percent, while exports are up by 11.3 percent.
Upcoming:
- Germany: HICP inflation report will be released at 6:00 GMT.
- France: HICP inflation report for June will be released at 6:45 GMT.
- Spain: HICP inflation for June will be released at 7:00 GMT.
- Switzerland: Producer and import price inflation report will be released at 7:15 GMT.
- United States: Producer price inflation report will be published at 12:30 GMT, along with weekly jobless claims report. Janet Yellen will testify before Congress for a second day beginning at 14:00 GMT. Fed’s Evans will be speaking at 15:30 GMT, and Brainard at 17:00 GMT
- Canada: House price report is scheduled for release at 12:30 GMT.
- New Zealand: June business PMI report will be published at 22:30 GMT.
- Auction: U.S. will auction 30-year bond at 17:00 GMT.
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