Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons 
China Holds Loan Prime Rates Steady in January as Market Expectations Align 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
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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