Gold Loses Shine as Crude Oil Surges: Safe-Haven Metal Retreats Toward USD 4,500 Support 
Goldman Sachs, ANZ Cut Oil Forecasts Amid U.S.-Iran Ceasefire Hopes 
Trump's Iran War Speech Sparks Market Anxiety Over Extended Conflict 
Morgan Stanley: Fed Rate Cuts Still on Track Despite Oil-Driven Inflation 
Citigroup Delays Fed Rate Cut Forecast Amid Strong Jobs Data and Inflation Concerns 
Not many economic dockets for today, focus is on FOMC rate decision.
Data released so far -
- Germany - GFK consumer confidence survey indicator remained at same level for August at 10.1.
- Switzerland - UBS consumption indicator rose to 1.68 in June from 1.62 prior.
- Spain - Retail sales grew at slower pace of 2.3% in June from 3.1% prior.
- UK - Mortgage approvals rose to 66, 582 in June. Net lending to individuals rose to £3.8 billion.
Upcoming -
- UK - CBI distributive trades survey is expected at 10:00 GMT.
- US - MBA mortgage applications to be released at 11:00 GMT, followed by pending home sales at 14:00 GMT. EIA will release weekly crude oil inventory report at 14:30 GMT. FOMC will announce rate decision at 18:00 GMT.
- New Zealand - Building permits to be released at 22:45 GMT.
- Japan - Industrial production is scheduled for release at 23:50 GMT.
- Auctions - US will auction 5 year note at 17:00 GMT. UK will auction 10 year, while Italy will be auctioning 5 year and 10 year bond.
