RBI Raises Repo Rate to 5.50% in Hawkish Shift on Inflation Risks 
Gold Prices Fall as Stronger Dollar Weighs on Bullion 
Gold Prices Slip as Strong Dollar and High Treasury Yields Weigh 
Australia Consumer Confidence Plunges as RBA Rate Hike Hits Households 
Ukraine Faces $56 Billion Budget Gap as War Costs Soar 
Wall Street Rises as Oil Prices Ease, Nasdaq Hits Record 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Japan Real Wages Rise 1.5%, Supporting BOJ Rate Hikes 
Asian Currencies Mixed as Yen Weakens, Dollar Holds Firm 
Trump Plans Diesel Tax Relief as Fuel Prices Hit Record Highs 
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Not many economic dockets scheduled for today but some with very high risks of volatility associated. The focus is on interest rate decision from Bank of England (BoE).
Data released so far :
- Australia: Consumer inflation expectations rose to 3.7 percent in July, up from 3.5 percent in June. The Unemployment rate ticked up to 5.8 percent as participation rate rose by 0.01 percent to 64.9 percent. Part-time employment declined by 30,500, whereas full-time employment rose by 38,400. New motor vehicle sales for June rose by 3.1 percent.
Upcoming:
- Switzerland: Producer and import prices for June will be released at 7:15 GMT.
- United Kingdom: Bank of England (BoE) will announce monetary policy at 11:00 GMT.
- United States: Producer price index for June will be released at 12:30 GMT, along with weekly jobless claims report. EIA will release its weekly natural gas report at 14:30 GMT. Fed’s Lockhart is scheduled to speak at 15:15 GMT.
- Canada: New house price index is scheduled at 12:30 GMT.
