Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Upcoming:
- Spain: Q2 unemployment survey report will be released at 7:00 GMT.
- Germany: IFO business climate reports to be released at 8:00 GMT.
- Italy: non-EU trade balance numbers to be released at 8:00 GMT.
- United Kingdom: CBI trade survey report to be released at 10:00 GMT.
- Eurozone: European Central Bank (ECB) will announce interest rate decision at 11:45 GMT, followed by a press conference at 12:30 GMT.
- United States: Weekly jobless claims report will be released at 12:30 GMT, along with goods trade balance and durable goods order report. EIA will release weekly natural gas inventory report at 14:30 GMT. Kansas Fed will release its manufacturing activity report at 15:00 GMT.
- Japan: Tokyo inflation report to be released at 23:30 GMT.
- Auction: U.S. will auction 1-month bills at 15:30 GMT, and 7-year note at 17:00 GMT.


BOJ Holds Interest Rates at 0.75% as Policymakers Signal Growing Inflation Concerns
Eurozone Recession Risks Rise as Middle East Conflict Threatens Growth, ECB Official Warns
Fed’s Goolsbee Warns Inflation Remains Elevated, Signals Caution on Rate Cuts
BOJ Governor Kazuo Ueda Hints at Rate Hike as Inflation Pressures Build
RBA Rate Hike Outlook: Impact on AUD/USD and ASX 200 



