According to CME "FedWatch": there is an 84.5% probability that the Federal Reserve will keep rates unchanged in July, and a 15.5% probability of a cumulative 25 basis points rate hike. There is a 36% probability that the Fed will keep rates unchanged until September, a 55.1% probability of a cumulative 25 basis points rate hike, and an 8.9% probability of a cumulative 50 basis points rate hike.

Spot gold just broke through the $4,390.00 per ounce mark, now quoted at $4,390.15 per ounce, up 0.33% on the day; COMEX gold futures main contract is now quoted at $4,445.80 per ounce, up 0.19% on the day.

U.S. storage concept stocks SanDisk continued to rise nearly 3% in after-hours trading, after closing up more than 7% last Friday; Micron Technology and SK Hynix both rose more than 1%. U.S. optical communication stock AAOI continued to rise over 2% after-hours, surging more than 15% last Friday.

Japan's Q2 GDP growth falls short of expectations, complicating the rate hike process and potentially putting pressure on the yen

Middle Eastern oil exporters are reportedly secretly transporting crude oil through the Strait of Hormuz, with daily volumes exceeding market expectations.