Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
RBA Expected to Raise Interest Rates by 25 Basis Points in February, ANZ Forecast Says 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
Fed Confirms Rate Meeting Schedule Despite Severe Winter Storm in Washington D.C. 
BOJ Policymakers Warn Weak Yen Could Fuel Inflation Risks and Delay Rate Action 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
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.
