Quite a number of economic events lined up today but all with low to medium volatility risks associated.
Upcoming:
- Germany: Factory orders for May will be announced at 6:00 GMT.
- Spain: Industrial output for May will be announced at 7:00 GMT.
- United States: MBA mortgage applications will be announced at 11:00 GMT, followed by Trade balance for May. Fed’s Tarullo will be speaking at 13:00 GMT. Markit services PMI will be announced at 13:45 GMT, followed by ISM-non manufacturing PMI at 14:00 GMT. FOMC will release minutes of June meeting at 18:00 GMT.
- Canada: Trade balance for May will be announced at 12:30 GMT.
- Australia: AiG performance of construction index will be published at 23:30 GMT.
- Auctions: US will auction 1 month bills at 18:30 GMT.


Gold Prices Hold Near $4,400 as Fed Rate Hike Bets Fade
UK Wage Growth Holds at 3.5% as Unemployment Rises
S&P 500 Retreats From Record High as AI Stocks Slide, Retail Sales Disappoint
US Stock Futures Mixed as Fed Rate Hike Bets Fade, AI Deals in Focus
European Stocks Edge Higher as Fed Rate Pause Bets Rise
Citadel Warns High Treasury Yields Pose Broader Market Risks
Yen Edges Higher as Weak US Data Dampens Fed Rate Hike Expectations
European Stocks Slide as Iran War Escalation Sends Oil Higher 



