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.


US Moves to Secure Gulf Shipping Amid Rising Tensions with Iran
US Stock Futures Steady as Earnings Season and Jobs Data Take Center Stage
EU Warns of Response as U.S. Considers 25% Tariffs on Car Imports
Oil Prices Rise Amid Iran Conflict and Strait of Hormuz Disruption
Gold Prices Hold Steady Amid Iran Tensions and Interest Rate Uncertainty
US Stock Futures Rise as S&P 500 and Nasdaq Hit Record Highs Amid Earnings Optimism and Iran Tensions
Yen Weakens After Intervention Spike as Dollar Stabilizes Amid Global Tensions
Bank of Korea Signals Potential Interest Rate Hikes as Inflation Remains Elevated 



