Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Japan Declines Comment on BOJ’s Absence From Global Support Statement for Fed Chair Powell. Source: Asturio Cantabrio, CC BY-SA 4.0, via Wikimedia Commons 
Fed Confirms Rate Meeting Schedule Despite Severe Winter Storm in Washington D.C. 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
Markets React as Tensions Rise Between White House and Federal Reserve Over Interest Rate Pressure 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
Not many economic data and events scheduled for today, and all with low to medium volatility risks associated.
Data released so far:
- China: GDP grew by 1.8 percent in Q2, up 6.7 percent from a year ago. Fixed asset investments up 6 percent from a year ago. Industrial production growth declined to 6 percent y/y in May from 6.8 percent in April. Retail sales grew by 9 percent y/y in June, up from 8.5 percent in May.
Upcoming:
- President Trump will be meeting President Putin in Helsinki today. Germany: Wholesale inflation report will be released at 6:00 GMT.
- Italy: Trade balance report for the month of May will be released at 8:00 GMT.
- Eurozone: Trade balance report will be released at 9:00 GMT.
- United States: Retail sales report will be released at 12:30 GMT, along with New York empire state manufacturing report. Business inventories report will be released at 14:00 GMT.
- New Zealand: CPI inflation report will be released at 22:45 GMT.
