For days, giant sunspot AR1515 has looked capable of producing a really strong explosion. On July 6th it finally did. Yesterday, the sunspot's magnetic canopy erupted, producing a brief but potent X1.1-class solar flare. NASA's Solar Dynamics Observatory recorded the extreme ultraviolet flash:
Animation: SDO - NASA
The explosion hurled a CME into space. According to this movie from the Solar and Heliospheric Observatory, the cloud appears to be heading south and away from Earth. However, we cannot yet rule out a glancing blow to our planet on July 8th or 9th.