RBI Hits Pause as Geopolitical Storm Clouds Gather 
RBA Expected to Hold Interest Rates at 4.35% as Markets Watch AUD/USD and ASX 200 
Indonesia Central Bank to Draft New Regulations After Expanded Economic Growth Mandate 
South Korea Central Bank Holds Interest Rates Steady Amid Inflation Concerns 
South Korea Signals Possible Interest Rate Hike as Inflation Remains Elevated 
ECB Set to Raise Interest Rates as Energy Shock Fuels Eurozone Inflation Concerns 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Australia: Trade balance dipped to 856 million in June as exports declined by 1 percent and imports are up by 2 percent.
- New Zealand: ANZ commodity price declined 0.8 percent in July.
- China: Caixin services PMI dips to 51.5 in July.
Upcoming:
- Spain: Markit services PMI report will be released at 7:15 GMT.
- Italy: Markit services PMI report will be released at 7:45 GMT.
- France: Markit services PMI report will be released at 7:50 GMT.
- Germany: Markit services PMI report will be released at 7:55 GMT.
- Eurozone: Markit services PMI report will be published at 8:00 GMT, followed by retail sales report at 9:00 GMT.
- United Kingdom: Markit services PMI report will be published at 8:30 GMT. Bank of England (BoE) will announce interest rate decision at 11:00 GMT, followed by a speech from Governor Carney at 11:30 GMT.
- United States: Challenger jobs report will be published at 11:30 GMT, followed by the release of weekly jobless claims report at 12:30 GMT. Markit services PMI report will be published at 13:45 GMT and ISM non-manufacturing PMI report at 14:00 GMT, along with factory orders. EIA will release weekly natural gas inventory report at 14:30 GMT.
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