Lots of economic data and events scheduled for today, and all with low to medium volatility risks associated.
Data released so far:
- Australia: Terms of trade deteriorated in Q2 as export price index rose by 1.9 percent, while the import price index declined by 3.2 percent.
Upcoming:
- Germany: GFK consumer confidence report will be released at 6:00 GMT.
- France: Consumer confidence report will be released at 6:45 GMT.
- Spain: Unemployment survey report will be released at 7:00 GMT in the second quarter.
- Italy: Business climate and consumer confidence reports will be released at 8:00 GMT.
- Eurozone: ECB will announce interest rate decision at 11:45 GMT, followed by the press conference at 12:30 GMT.
- United States: Weekly jobless claims report will be released at 12:30 GMT, along with goods trade balance report for the month of June and durable goods orders. EIA will release weekly natural gas inventory report at 14:30 GMT. Kansas Fed manufacturing report will be released at 15:00 GMT.
- Japan: inflation reports will be released at 23:30 GMT.


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