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 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Australia: July trade balance came at $460 million with imports down by 1 percent and exports down by 2 percent.
Upcoming:
- Japan: Coincident index and leading economic index will be updated at 5:00 GMT.
- Germany: July industrial production report will be published at 6:00 GMT.
- France: Trade balance report will be published at 6:45 GMT.
- Switzerland: July forex reserve data will be published at 7:00 GMT.
- United Kingdom: Halifax house price report will be published at 7:30 GMT.
- Greece: June unemployment report will be published at 9:00 GMT.
- Eurozone: Second quarter GDP numbers will be published at 9:00 GMT. ECB will announce interest rate decision at 11:45 GMT, followed by a press conference at 12:30 GMT.
- United States: Second quarter Unit labor cost and productivity report will be published at 12:30 GMT, along with weekly jobless claims report, and followed by TIPP economic optimism report at 14:00 GMT. EIA will release natural gas inventory report at 14:30 GMT and crude oil inventory report at 15:00 GMT. Fed’s Williams is scheduled to speak at 23:00 GMT.
- Japan: Second quarter GDP numbers will be published at 23:50 GMT, along with July current account balance.
- Auction: Spain will auction 5-year and 10-year bond today, while France will sell the 10-year bond.
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