Goldman Sachs Delays Bank of England Rate Cut Forecast Amid Middle East Inflation Risks 
Fed Rate Cut Hopes Fade as Oil Prices Stoke Inflation Fears 
Taiwan Central Bank Expected to Hold Interest Rates Steady Through 2027 
Bank of Japan Governor Signals Gradual Progress Toward 2% Inflation Target 
J.P. Morgan Now Expects Two ECB Rate Hikes Amid Inflation Pressures 
BOJ Holds Interest Rates Steady Amid Middle East Uncertainty 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Lots of economic data and events scheduled for today and all with low to medium volatility risks associated.
Data released so far:
- Australia: Trade balance improves to 2.471 billion as exports increased by 9 percent and imports by 1 percent.
Upcoming:
- Germany: Factory orders report for May will be published at 6:00 GMT.
- Switzerland: Consumer price inflation report for June will be published at 7:15 GMT.
- United States: FOMC member Williams will be speaking at 7:45 GMT, Powell at 14:00 GMT, and Fischer at 23:30 GMT. MBA mortgage applications numbers will be released at 11:00 GMT, followed by challenger jobs report at 11:30 GMT and ADP employment numbers at 12:15 GMT. Trade balance report for May will be published at 12:30 GMT. Markit services PMI report will be published at 13:45 GMT, and ISM non-manufacturing PMI at 14:00 GMT. EIA will release crude oil inventory report at 14:30 GMT.
- Eurozone: ECB’s Praet is scheduled to speak at 10:00 GMT. ECB will release monetary policy minutes at 11:30 GMT.
- Canada: May trade numbers will be reported at 12:30 GMT, along with building permits for the same month.
