Gold Price Hits Annual Low as Fed Rate Hike Bets and Sticky Inflation Weigh on Bullion 
Gold Price Drops to Eight-Month Low as Fed Rate Hike Bets Weigh on Bullion. Source: Photo by Michael Steinberg via Pexels 
RBA Minutes Signal Australia Central Bank Remains Ready to Raise Interest Rates if Inflation Persists 
Oil Prices Rise as U.S.-Iran Talks Keep Geopolitical Risks in Focus 
US Stock Futures Hold Steady Ahead of June Jobs Report as Fed Rate Outlook Remains in Focus 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Asian Currencies Slip as Dollar Holds Firm, Yen Near Four-Decade Low Ahead of Fed, Jobs Data 
Chip Stocks Rally as Samsung and SK Hynix’s $1.3 Trillion Investment Plan Boosts AI Optimism 
Australia Trade Balance Swings to Surprise Deficit as Imports Outpace Exports in May 
India Manufacturing PMI Slows in June as Demand Weakens Despite Lower Cost Pressures 
Turkey Vehicle Sales Fall 11.4% in June as Auto Market Weakens 
Turkstat reported confidence indices for February, data showed headline economic sentiment declined sharply from 83.9 to 71.5, mainly on the weakness of consumer sentiment, but weakness was also evident in the services sector.
Declining confidence on deteriorating geo-political conditions around Turkey weighing on sentiment. The Turkish economy was enjoying good momentum during H2 2015, but the PMI has now dropped back to near 50, and Q1 growth prospects have turned dimmer because of uncertainty.
"We argue that CBT policy is likely to turn markedly dovish over the coming quarter. We see USD-TRY at 3.15 by mid-2016." said Commerzbank in a report to clients.
