Yen Stabilizes After Suspected Intervention as Global Currency Markets Stay Cautious 
Asian Stock Markets Rise Amid Wall Street Rally and U.S.-Iran Tensions 
Yen Weakens After Intervention Spike as Dollar Stabilizes Amid Global Tensions 
Oil Prices Fall as Iran Proposes New Deal Amid Ongoing U.S. Tensions 
US Moves to Secure Gulf Shipping Amid Rising Tensions with Iran 
Gold Prices Hold Steady Amid Iran Tensions and Interest Rate Uncertainty 
US Dollar Weakens as Yen Surges Amid Japan Intervention and Central Bank Moves 
Oil Prices Hold Above $100 Amid Strait of Hormuz Tensions and U.S.-Iran Uncertainty 
Oil Prices Ease Slightly as Strait of Hormuz Tensions and U.S.-Iran Talks Support Market Above $100 
Lot of economic dockets scheduled for today but all with low to medium risks associated.
Data released so far:
- Australia: Consumer price index rose 1 percent y/y in second quarter. RBA trimmed mean CPI rose 1.7 percent y/y in second quarter.
Upcoming:
- Germany: Import price index for June will be released at 6:00 GMT. Prior -5.5 percent. GFK consumer confidence will be released along.
- Switzerland: UBS consumption indicator will be released at 6:00 GMT.
- France: Producer prices and consumer confidence will be released at 6:45 GMT.
- Spain: Retail sales for June will be released at 7:00 GMT. Prior 2.3 percent.
- Italy: Consumer and business confidence will be released at 8:00 GMT.
- Eurozone: Private loans and money supply data will be released at 8:00 GMT.
- United Kingdom: Second quarter GDP flash reading will be released at 8:30 GMT. CBI distributive trade survey report will be released at 10:00 GMT.
- United States: MBA mortgage applications data will be released at 11:00 GMT, followed by Durable goods orders at 12:30 GMT and pending home sales report at 14:00 GMT. EIA will release crude oil inventory report at 14:30 GMT. FOMC will announce monetary policy decision at 18:00 GMT.
