Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
ECB Expected to Hold Rates as Middle East Tensions Keep September Hike in Focus 
Japan Services Producer Prices Rise 3.2% in June, Supporting BOJ Rate Hike Expectations 
Chile Central Bank Holds Interest Rate at 4.5% as Inflation and Global Risks Persist 
Fed Holds Interest Rates Steady as Kevin Warsh Says Rising Treasury Yields Tighten Financial Conditions 
BOJ Expected to Hold Rates Steady While Signaling More Hikes Ahead 
BOJ Rate Decision in Focus as Sticky Inflation, Weak Yen Shape USD/JPY and Nikkei Outlook 
Sizable economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- Australia: PPI inflation declined to 1.9 percent y/y in Q1. Australia’s terms of trade report improved in Q1 with the export price rising 4.5 percent q/q, while the import price index declined by 0.5 percent.
Upcoming:
- France: Consumer confidence report due at 6:45 GMT.
- Switzerland: SNB chairman Jordon is set for a speech at 8:00 GMT.
- United Kingdom: BBA mortgage approval report due at 10:00 GMT.
- United States: Q1 flash GDP report due at 12:30 GMT, followed the Michigan consumer confidence report at 14:00 GMT.
