Interest rates expectations for the major central banks remain mostly unchangedUK June mortgage approvals 64.17k vs 63.00k expectedDeutsche no longer sees any more rate cuts by the ECB, next move to be a rate hike insteadECB survey: Inflation expectations 1 year ahead down to 2.6% vs 2.8% priorUS trade team arrives for second day of talks with ChinaSpain Q2 preliminary GDP +0.7% vs +0.6% q/q expectedEUR/USD tests five-week lows as fallout from US-EU trade deal continuesFX option expiries for 29 July 10am New York cutReminder: It's a big week on the earnings calendarHeads up: US Treasury to announce more details to their quarterly refunding plans tomorrowBOJ likely to resume interest rate hikes, says ex-policymakerMild dollar selling slated for month-end - Credit ArgicoleU.S. Commerce Department yet to approve Nvidia's export licenses for the H20, sources say.China's Bitmain to launch first U.S. factory amid political tailwindsIt's been a lacklustre session in terms of economic data and newsflow. The only notable data releases have been the Spanish GDP which beat expectations and the ECB survey on consumer inflation expectations that showed another dip for the 1 year ahead measure.In terms of price action, we had the US dollar remaining supported across the board, while the stock markets erased some of yesterday's losses. The other markets remain mostly rangebound as we await the FOMC decision and the key US data like the NFP and CPI.Meanwhile, we have also the US-China talks in Stockholm as they try to resolve their disputes and de-escalate the trade war further. No major breakthrough is expected but the two sides will likely agree on another 90-day extension to keep the negotiations going and avoid an escalation.In the American session, we have the US Job Openings and the US Consumer Confidence coming up. The Job Openings are expected at 7.500M vs 7.769M prior. The labour market data has been showing a 'low hiring, low firing' environment as businesses have been potentially waiting for more clarity on tariffs. Now that we have more of that clarity, it's going to be interesting to see how the data evolves.The US consumer confidence is expected at 95.0 vs 93.0 prior. We have already seen a bounce from the April lows as the de-escalation in the trade war gathered pace. This report is more biased towards the labour market as opposed to the UMich one which is more skewed towards the consumers' financial situation This article was written by Giuseppe Dellamotta at investinglive.com.