BOJ Signals Possible December Rate Hike as Yen Weakness Raises Inflation Risks 
BOJ’s Noguchi Calls for Cautious, Gradual Interest Rate Hikes to Sustain Inflation Goals 
RBNZ Cuts Interest Rates Again as Inflation Cools and Recovery Remains Fragile 
Kazakhstan Central Bank Holds Interest Rate at 18% as Inflation Pressures Persist 
UK Raises Deposit Protection Limit to £120,000 to Strengthen Saver Confidence 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
RBA Signals Possible Rate Implications as Inflation Proves More Persistent 
Fed Rate Cut Odds Rise as December Decision Looks Increasingly Divided 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data and events so far:
- Japan: Markit services PMI came at 51.9 in June.
- New Zealand: ANZ commodity price index down 3.9 percent in June.
- Australia: Trade balance for the month of May came at $5.745 billion with imports up by 2 percent and exports by 4 percent. Building permits down 19.6 percent y/y in May.
- China: Caixin services PMI declined to 52 in June.
Upcoming:
- Spain: Markit services PMI to be released at 7:15 GMT.
- Italy: Markit services PMI to be released at 7:45 GMT.
- France: Markit services PMI to be released at 7:50 GMT.
- Germany: Markit services PMI to be released at 7:55 GMT.
- Eurozone: Markit services PMI to be released at 8:00 GMT.
- United Kingdom: Markit services PMI to be released at 8:30 GMT.
- United States: MBA mortgage applications report due at 11:00 GMT, followed by ADP employment report at 12:15 GMT, and Challenger jobs report at 12:30 GMT. Weekly jobless claims report will be released at 12:30 GMT, followed by ISM manufacturing PMI at 14:00 GMT, along with Factory orders 14:00 GMT. EIA will release crude oil inventory report at 14:30 GMT, and natural gas storage report at 16:00 GMT.
- Canada: Trade balance report will be released at 12:30 GMT.
- Auction: U.S. will auction 1-month bills at 15:30 GMT.
