Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Silver Spikes to $62.89 on Fed Cut – But Weekly Bearish Divergence Flashes Caution: Don’t Chase, Wait for the Dip 
Robinhood Expands Sports Event Contracts With Player Performance Wagers 
Not many economic dockets scheduled for today. Risks associated are low to moderate.
Data released so far -
- Australia - RBA kept rates on hold. RBA commodity index down -20.2% in July from a year ago.
- India - RBI kept policy steady in today's meeting.
- UK - Nationwide house prices rose by 0.4% in July from June, up 3.5% on yearly basis. Construction PMI slowed to 57.1 in July from 58.1 in June.
- Spain - Unemployment dropped by -74,000.
- Euro zone - Producer price index dropped by -0.1% in June from May, down -2.2% on yearly basis.
- UK - Manufacturing PMI rose to 51.9 in July from 51.4 in June.
Upcoming -
- US - Not many economic releases from US today. Redbook index to be released at 12:55 GMT, followed by ISM New York at 13:45 GMT and TIPP economic optimism at 14:00 GMT, along with factory orders.
- New Zealand - Vital economic releases from New Zealand. Unemployment report for second quarter to be released at 22:45 GMT. Auction result of global dairy trade to be announced today.
- UK - BRC shop price index to be released at 23:00 GMT.
- Australia - Performance of services index to be released at 23:30 GMT.
