BNY Markets’ John Velis and David Tam examine upcoming Federal Open Market Committee (FOMC) minutes from Kevin Warsh’s first meeting as Chair.

Switzerland Foreign Currency Reserves rose from previous 711B to 759B in June

Austria Wholesale Prices n.s.a (MoM) declined to -0.7% in June from previous 0.1%

Austria Wholesale Prices n.s.a (YoY) declined to 5.4% in June from previous 6.9%

France Trade Balance EUR came in at €-6.9B, below expectations (€-5.2B) in May

France Imports, EUR climbed from previous €60.225B to €60.5B in May

France Exports, EUR dipped from previous €54.585B to €53.6B in May

Deutsche Bank strategists note that the S&P 500 reached a three-week high as chip stocks rebounded, led by gains in the Philly semiconductor index and Broadcom after its expanded Apple partnership.

Germany Industrial Production n.s.a. w.d.a. (YoY) climbed from previous -0.5% to 0.1% in May

Commerzbank’s Volkmar Baur notes EUR/USD has been stuck between 1.1350 and 1.1450 since mid-June, with few catalysts expected over the summer.

Germany’s industrial sector activity surprisingly grow at a faster pace of 0.9% Month-on-Month (MoM) in May, the latest data published by Destatis showed on Tuesday.

Germany Industrial Production s.a. (MoM) registered at 0.9% above expectations (0.2%) in May

United Kingdom Lloyds House Price Index (MoM) above expectations (0.1%) in June: Actual (0.2%)

Asian equity markets mostly decline on Tuesday as a fresh wave of technology sector selling completely overshadowed Wall Street's tech-led rally from the previous night.

Japan Leading Economic Index came in at 116.8, below expectations (116.9) in May

Japan Coincident Index increased to 118.5 in May from previous 118.1

Netherlands, The Consumer Price Index n.s.a (YoY) in line with forecasts (2.9%) in June

Indonesia Foreign Reserves rose from previous $144.9 to $145.6 in June

Minoru Kiuchi, Minister of State for Economic and Fiscal Policy of Japan, said on Tuesday that “Tokyo is not easing fiscal discipline, presenting it clearly in the economic plan.”

Japan JP Foreign Reserves fell from previous $1305.9B to $1B in June

Japan Overall Household Spending (YoY) registered at -0.3% above expectations (-2.5%) in May

Japan Labor Cash Earnings (YoY) came in at 3.2% below forecasts (3.4%) in May

United Overseas Bank’s (UOB) Quek Ser Leang notes USD/SGD has seen downward momentum slow after last week’s sharp drop, with the pair expected to stay between 1.2900 and 1.2935 intraday. On a 1–3 week horizon, UOB maintains a neutral stance, projecting consolidation within 1.2890–1.2990.

United Kingdom CFTC GBP NC Net Positions up to £-102.1K from previous £-105.7K

Eurozone CFTC EUR NC Net Positions down to €1.1K from previous €30.2K

United States CFTC Gold NC Net Positions climbed from previous $181.3K to $194K

United States CFTC S&P 500 NC Net Positions declined to $-37.6K from previous $-35.4K

Japan CFTC JPY NC Net Positions dipped from previous ¥-146.1K to ¥-155.1K

United States CFTC Oil NC Net Positions down to 110.5K from previous 114.6K

Australia CFTC AUD NC Net Positions down to $-17.7K from previous $-13K