Market Events

GOLDSILVEROIL▲China June warehouse index rose to 50.2%, returning to expansion territory

GOLDSILVER▼CFTC data show traders' bullish dollar bets hit highest since 2015

JPY▼CFTC data show yen shorts hit highest level since 2007

GOLDSILVER▼CFTC says dollar net long sentiment hits most bullish level since 2015

NGAS▲CFTC says US natural gas speculators turn net long

▼CFTC says WTI crude net longs slightly decrease

▲CFTC says US Treasury net shorts drop significantly

SILVER▲CFTC says silver net longs increase, copper net shorts decrease

TLTIEFSPYGOLD▲Waller says inflation risk now outweighs job risk ahead of July CPI

TLTSPYBTCQQQWaller says exact inflation target standard is too stringent

EURDXY▲ECB says wage growth looks fairly moderate

TLTIEFSHY▲U.S. 6-month Treasury auction bid-to-cover ratio rises to 3.05 from 2.58

TLTIEFSHY▲U.S. 3-month Treasury auction high rate falls to 3.735%

EFA▼Germany expects to borrow about 838 billion euros from 2027-2030, with defense spending surging

EUR▲French government survives no-confidence motion in parliament

ARGTEWZ▲Argentina's economy minister says plan does not include using Fed swap line

TLTUSO▲U.S. June ISM services PMI at 54, price index falls to 67.7

SPYQQQDXYU.S. June ISM non-manufacturing supplier deliveries index falls to 54.4

TLTSPYDXY▲U.S. June global supply chain pressure index falls to 1.25

DXYTLT▲U.S. June ISM non-manufacturing price index falls to 67.7

SPYQQQDXY▼U.S. June S&P Global composite PMI final 51.9, down from prior 52.2

SPYQQQDXY▼U.S. June S&P Global services PMI final 51.2, down from prior 51.3

▼Canada's June services PMI drops to 47.1, below the 50-mark

OILBRENT▲Saudi Arabia raises official selling price for Arab Light crude to US for August

▲Bank of Israel says economic activity continues to recover after war shocks

▲Bank of Israel projects 2026 GDP growth of 4.0%; 2027 at 5.5%. 🌐 [International Economy] [★]

▲Bank of Israel cuts benchmark rate to 3.50% from 3.75%, in line with expectations. 🌐 [International Economy] [★]

USOXLEOIH▲Indian government says India's June diesel sales up 6.2% YoY, gasoline sales up 7.4% YoY. India's June fuel sales down 3.1% YoY to 19.42 million tonnes. 🇮🇳【India】【★】

EUR▼GERMANY PLANS TO RAISE 2027 NET NEW BORROWING TO €118 BILLION, CITING WEAKER TAX REVENUE, HIGHER DEBT-SERVICING COSTS, AND ADDITIONAL LABOR MARKET FUNDING NEEDS.

EUR▼Germany plans to boost net new borrowing for 2027 to €118 billion, about 7% higher than April forecast

USOXLEOIL▼7 countries in OPEC+ decide to increase oil production by 188,000 barrels daily in August

SPYIWMTLTDXYThe U.S. labor force fell by approximately 700,000 in June, bringing the total decline since the beginning of 2025 to about 1.3 million.

TLTSPY▼U.S. national debt has climbed to a record $39.4 trillion, highlighting the government's growing borrowing burden.

EWJ▲Japan's average wages up over 5% for 3rd straight year amid rising prices-KYODO

GOLDGLDTLT▲Gold has overtaken US government bonds as the world’s top reserve asset, per ECB

EURDXY▲MAKHLOUF SAYS ECB IS DETERMINED TO ACHIEVE 2% INFLATION.

GBPBAILEY SAYS BOE SEEKS INFLATION TARGET WITHOUT DAMAGING OUTPUT

▲UK NEW CAR SALES ROSE 14.9% YEAR-OVER-YEAR IN JUNE, REACHING 215,921 VEHICLES, ACCORDING TO NEW AUTOMOTIVE DATA.

FXIKWEB▲China June Prelim Retail Nev Sales Rise M/M - PCA Nev Sales Fall Y/Y Car Sales Rise M/M Car Sales Fall Y/Y

TSLANIO▼CHINA JUNE PRELIM RETAIL CAR SALES RISE 9% M/M: PCA

GBP▲UK Official Reserve Changes (USD) June: -5978M (prev -537M)

▲German New Passenger Car Registrations Up 15.7% At 296,378 In June - KBA

EURDXY▲ECB'S LAGARDE: ABOUT 30 COUNTRIES HAVE REQUESTED ACCESS TO REPO LINES WE HAVE STARTED OFFERING

EUR▲EU’S COSTA: EU WILL APPROVE SAVINGS AND INVESTMENT UNION THIS YEAR

EUR▲Germany S&P Global Services PMI June F: 48.6 (est 46.8; prev 46.8) - Composite PMI: 49.5 (est 48.0; prev 48.0)

EURItaly S&P Global Services PMI Jun: 50.2 (est 50.2; prev 49.4) - S&P Global Composite PMI: 50.8 (est 50.9; prev 50.4)

EUR▼France S&P Global Services PMI Jun F: 46.8 (est 47.4; prev 47.4) - Composite PMI: 47.2 (est 47.6; prev 47.6)

TLTIEF▲UK 2-YEAR GILT YIELD FALLS 5 BPS IN EARLY TRADE TO 4.091%, LOWEST SINCE JUNE 26