Oil Prices Slip as OPEC+ Boosts August Output, Oversupply Concerns Weigh on Crude Market 
Denmark Central Bank Intervenes to Support Krone Peg Against Euro 
Japan Defense Stocks Rally on Report of New Defense Ministry Bureau for Global Cooperation 
Gold Price Today: Bullion Heads for First Weekly Gain as Weak U.S. Jobs Data Eases Rate Hike Fears 
Mary Daly Says AI Uncertainty Clouds Fed Rate Outlook Despite Restrictive Policy 
Goldman Sachs Flags 3 Key Risks Ahead of Europe’s Earnings Season 
Oil Prices Steady as U.S.-Iran Talks Ease Supply Fears Ahead of Holiday Weekend 
Asian Stocks Rebound as Tech Shares Rally on Fed Rate Cut Hopes and Easing Iran Tensions 
New Zealand Consumer Confidence Rises in June as Inflation Expectations Ease 
China Services PMI Beats Forecasts as Strong Demand Supports June Growth 
JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026 
Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027 
Lot of economic dockets scheduled for today but all with low to medium risks associated.
Data released so far:
- Australia: Consumer price index rose 1 percent y/y in second quarter. RBA trimmed mean CPI rose 1.7 percent y/y in second quarter.
Upcoming:
- Germany: Import price index for June will be released at 6:00 GMT. Prior -5.5 percent. GFK consumer confidence will be released along.
- Switzerland: UBS consumption indicator will be released at 6:00 GMT.
- France: Producer prices and consumer confidence will be released at 6:45 GMT.
- Spain: Retail sales for June will be released at 7:00 GMT. Prior 2.3 percent.
- Italy: Consumer and business confidence will be released at 8:00 GMT.
- Eurozone: Private loans and money supply data will be released at 8:00 GMT.
- United Kingdom: Second quarter GDP flash reading will be released at 8:30 GMT. CBI distributive trade survey report will be released at 10:00 GMT.
- United States: MBA mortgage applications data will be released at 11:00 GMT, followed by Durable goods orders at 12:30 GMT and pending home sales report at 14:00 GMT. EIA will release crude oil inventory report at 14:30 GMT. FOMC will announce monetary policy decision at 18:00 GMT.
