Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound 
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
Australia’s December Trade Surplus Expands but Falls Short of Expectations 
Not many economic data and events scheduled for today but some with high volatility risks associated.
Data released so far:
- Japan: Labor cash earnings down 0.3 percent y/y in July.
- Australia: GDP grew by 0.8 percent q/q, up 1.8 percent from a year ago.
Upcoming:
- Germany: Factory orders report for July will be published at 6:00 GMT.
- Italy: Retail sales report for July will be published at 8:00 GMT.
- United States: Mortgage report will be published at 11:00 GMT, followed by July trade balance at 12:30 GMT. ISM non-manufacturing report will be published at 14:00 GMT, along with TIPP economic optimism report. Fed will release the beige book at 18:00 GMT.
- Canada: Trade balance report for July will be released at 12:30 GMT, along with Labor productivity report. BoC will announce interest rate decision at 14:00 GMT.
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