Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Lots of economic dockets scheduled for today and some with high volatility risks associated.
Data released so far –
- Australia: Westpac consumer confidence declined by 3 percent in July.
- Japan: industrial production declined by 2.6 percent in May, down -0.4 percent from a year back.
Upcoming:
- France: CPI inflation for June will be released at 6:45 GMT.
- China: Trade balance for June will be released at 7:00 GMT.
- Spain: HICP inflation for June will be published at 7:00 GMT.
- Italy: Consumer price inflation for June will be released at 8:00 GMT.
- United Kingdom: Bank of England’s quarterly credit conditions report is due at 8:30 GMT.
- Eurozone: Industrial production for May will be released at 9:00 GMT.
- United States: MBA mortgage applications will be released at 11:00 GMT, followed by terms of trade at 12:30 GMT. EIA will release crude oil inventory report at 14:30 GMT. Fed will release Beige book at 18:00 GMT.
- Canada: BOC will announce monetary policy decision at 14:00 GMT.
- New Zealand: Business PMI for June will be released at 22:30 GMT.
- Auction: US will auction 30 year note at 17:00 GMT.
