Supreme Court Backs Lisa Cook, Defends Federal Reserve Independence Against Trump Firing Attempt 
ECB Set to Raise Interest Rates as Energy Shock Fuels Eurozone Inflation Concerns 
RBA Minutes Signal Australia Central Bank Remains Ready to Raise Interest Rates if Inflation Persists 
Japan Signals Preference for Low Interest Rates as BOJ Policy Debate Intensifies 
Goldman Sachs Sees Fed Holding Interest Rates Steady Until 2027 
Central Banks Eye Gold, Reduce Dollar Exposure as AI Adoption Accelerates: OMFIF Survey 
China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- Japan: Nikkei manufacturing PMI low at 49.6 in July, signaling continued weakness in the manufacturing sector amid trade tensions.
Upcoming:
- France: Flash PMI reports to be released at 7:15 GMT.
- Germany: Flash PMI reports to be released at 7:30 GMT.
- Eurozone: Flash PMI reports to be released at 8:00 GMT.
- United Kingdom: BBA mortgage approval report to be released at 8:30 GMT.
- United States: MBA mortgage applications report due at 11:00 GMT, followed by flash PMI report at 13:45 GMT. New home sales report to be published at 14:00 GMT. EIA will release weekly oil inventory report at 14:30 GMT.
- Japan: Corporate service price inflation report to be released at 23:50 GMT.
- Auction: the U.S. will auction 5-year note at 17:00 GMT.
