Noteworthy macro calendar this week.

+ Tuesday, July 9, 21:00: FED Chairman POWELL's testimony before the Senate.

+ Wednesday, July 10, 21:00: FED Chairman POWELL's testimony before the House of Representatives.

+ Thursday, July 11, 19:30: CPI consumer price index

CPI

Previous: 3.3%

Forecast: 3.1%

Core CPI

Previous: 3.4%

Forecast: 3.4%

+ Friday, July 12, 19:30: PPI producer price index

PPI

Previous: 2.2%

Forecast: 2.2%

Core PPI

Previous: 2.3%

Forecast: 2.5%