Goldman Sachs Delays Bank of England Rate Cut Forecast Amid Middle East Inflation Risks 
ECB Eyes Rate Hike Amid Iran Conflict-Driven Energy Price Surge 
ANZ and Westpac Forecast Two RBA Rate Hikes in March and May 2026 
Fed Holds Rates Steady as Middle East Conflict Clouds Inflation Outlook 
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RBA Set to Hike Rates Again Amid Inflation Surge and Global Uncertainty 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
Not many economic data and events scheduled for today, and all with low to medium volatility risks associated.
Data released so far:
- China: June trade balance came at $41.61 billion with imports rising by 14.1 percent and exports rose by 11.3 percent.
- Japan: Industrial production up 4.2 percent y/y in May.
Upcoming:
- Germany: Wholesale inflation report will be released at 6:00 GMT.
- Spain: HICP inflation report will be released at 7:00 GMT.
- Switzerland: PPI inflation report for June will be released at 7:15 GMT.
- United Kingdom: BoE member Cunliffe is set for a speech at 11:00 GMT.
- United States: Terms of trade report will be released at 12:30 GMT. Michigan consumer sentiment report will be released at 14:00 GMT. FOMC member Bostic is set for a speech at 16:30 GMT.
