Gold Prices Hold Near Seven-Week High as Markets Await U.S. Inflation Data 
US Yen Intervention Unlikely to Deliver Lasting Recovery, Yardeni Says 
Yen Stabilizes After Intervention Slide as Australian Dollar Hits Eight-Week High 
Japan Posts First Current Account Deficit in 17 Months as Dividend Payments Surge 
Japan Services Producer Prices Rise 3.2% in June, Supporting BOJ Rate Hike Expectations 
S&P 500, Nasdaq Slip as Oil Jumps on Iran Tensions 
England Drought Expands to 71% as Heatwave Deepens Water Crisis 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
China Holds Loan Prime Rates Steady for 14th Month as Economic Recovery Remains Uneven 
ECB Expected to Hold Rates as Middle East Tensions Keep September Hike in Focus 
Asian Currencies Steady as Markets Await U.S. Inflation Data 
Not many economic data and events scheduled for today but some with high volatility risks associated.
Data released so far:
- Japan: Labor cash earnings declined by 0.4 percent y/y in March.
- Australia: Retail sales declined by 0.1 percent in March.
Upcoming:
- Switzerland: Unemployment report for April will be released at 5:45 GMT.
- Germany: March Industrial production report will be released at 6:00 GMT, along with trade balance report.
- France: France will release March budget report at 6:45 GMT.
- Italy: Italy will release March retail sales report at 8:00 GMT.
- Australia: Australia will release the budget report at 9:30 GMT.
- Canada: Building permits report for March will be released at 12:30 GMT.
- United States: Redbook index will be updated at 12:55 GMT, followed by the release of JOLTS jobs report and TIPP economic optimism report at 14:00 GMT. FOMC’s Rosengren is scheduled to speak at 17:00 GMT and Kaplan at 20:15 GMT.
- New Zealand: Electronic card retail sales report will be released at 22:45 GMT.
