Morgan Stanley Sees Fed Holding Rates as U.S. Inflation Cools 
Gold Prices Rise as Weak US Data and Hormuz Risks Boost Safe-Haven Demand 
Oil Prices Rise as U.S.-Iran Tensions Grip Strait of Hormuz 
Oil Prices Steady as Strait of Hormuz Traffic Slows Amid US-Iran Conflict 
BSP Sees Philippine Inflation Easing, Keeps Policy Options Open 
Australian Consumer Sentiment Jumps 6% in August as Rate Outlook Improves 
US Dollar Hovers Near Multi-Month Lows as Fed Rate Hike Bets Ease 
European Stocks Edge Higher as Fed Rate Pause Bets Rise 
Oil Prices Rise as Iran-U.S. Tensions Threaten Strait of Hormuz Supply 
Dollar Slides as Soft U.S. Data Cuts Fed Rate Hike Bets 
US Eyes Refinery Boost as Trump Seeks Relief From High Gas Prices 
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Lots of economic dockets scheduled for today and all with low to medium risks associated.
Data released so far:
- Australia – HIA new home sales declined -4.4 percent in May.
Upcoming:
- Germany: GFK consumer confidence survey will be published at 6:00 GMT. Prior index value 9.8. HICP inflation for June will be released at 12:00 GMT.
- Switzerland – UBS consumption indicator for May will be released at 6:00 GMT. Prior 1.47.
- Spain – Flash HICP will be released at 7:00 GMT.
- Portugal – Business and consumer confidence will be announced today.
- Euro zone – Euro zone consumer confidence, services sentiment, economic sentiment, business climate and industrial confidence will be released at 9:00 GMT.
- United Kingdom: Nationwide housing prices report will be released at 6:00 GMT. Lending to individuals, consumer credit, mortgage approvals and money supply statistics will be announced at 8:30 GMT. GFK consumer confidence will be announced at 23:00 GMT.
- United States: Personal income and spending report will be announced at 12:30 GMT. Pending home sales report for may will be published at 14:00 GMT. EIA will release crude oil inventory report at 14:30 GMT. Fed is likely to release stress test results, done on banks.
- New Zealand – Building permits for May will be released at 22:45 GMT.
- Japan: Industrial production report for May will be released at 23:50 GMT.
- Auction: United States will auction 5 year and 7 year note at 17:00 GMT.
