RBA Set to Hike Rates Again Amid Inflation Surge and Global Uncertainty 
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Goldman Sachs Raises ECB Rate Hike Forecast Amid Persistent Energy-Driven Inflation 
ANZ and Westpac Forecast Two RBA Rate Hikes in March and May 2026 
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Lots of economic data and events scheduled for today, but all with low to medium volatility risks associated.
Data released so far:
- Japan: Markit services PMI rose to 51.4 in June.
- New Zealand: ANZ commodity price down 1 percent in June.
- Australia: May trade balance came at $0.83 billion, with exports rising 4 percent and imports rising by 3 percent. Retail sales rose by 0.4 percent in May.
- China: Caixin services PMI report will be released at 1:45 GMT.
Upcoming:
- Spain: Markit services PMI report will be released at 7:15 GMT.
- Italy: Markit services PMI report will be released at 7:45 GMT.
- France: Markit services PMI report will be released at 7:50 GMT.
- Germany: Markit services PMI report will be released at 7:55 GMT.
- Eurozone: Markit services PMI report will be released at 8:00 GMT.
- United Kingdom: Markit services PMI report will be released at 8:30 GMT.
- United States: U.S. is closed over Independence Day holiday.
