Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Brazil to Phase Out Gasoline Subsidy First as Diesel Support Stays Longer 
Denmark Central Bank Intervenes to Support Krone Peg Against Euro 
Asian Currencies Rise as Dollar Weakens; Yen Holds Steady Amid Japan Intervention Watch 
Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027 
Turkey Vehicle Sales Fall 11.4% in June as Auto Market Weakens 
Mary Daly Says AI Uncertainty Clouds Fed Rate Outlook Despite Restrictive Policy 
US Stock Futures Rise as Investors Eye Fed Minutes, AI Stocks, and Q2 Earnings 
Oil Prices Steady as U.S.-Iran Talks Ease Supply Fears Ahead of Holiday Weekend 
Japan Signals Readiness to Act on Yen as Intervention Speculation Grows 
Goldman Sachs Says China Competition Weighs More on EU Growth Than Trade Deficit 
Quite a number of economic events lined up today but all with low to medium volatility risks associated.
Upcoming:
- Germany: Factory orders for May will be announced at 6:00 GMT.
- Spain: Industrial output for May will be announced at 7:00 GMT.
- United States: MBA mortgage applications will be announced at 11:00 GMT, followed by Trade balance for May. Fed’s Tarullo will be speaking at 13:00 GMT. Markit services PMI will be announced at 13:45 GMT, followed by ISM-non manufacturing PMI at 14:00 GMT. FOMC will release minutes of June meeting at 18:00 GMT.
- Canada: Trade balance for May will be announced at 12:30 GMT.
- Australia: AiG performance of construction index will be published at 23:30 GMT.
- Auctions: US will auction 1 month bills at 18:30 GMT.
