Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons 
China Holds Loan Prime Rates Steady in January as Market Expectations Align 
Japan Declines Comment on BOJ’s Absence From Global Support Statement for Fed Chair Powell. Source: Asturio Cantabrio, CC BY-SA 4.0, via Wikimedia Commons 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
This week is a relatively light with volatility risks, both in terms of data and events.
What to watch for over the coming days:
- Central Banks:
Outgoing Fed Chair Janet Yellen is slated to speak on a European Central Bank panel on Tuesday, alongside ECB chief Mario Draghi, Bank of Japan governor Haruhiko Kuroda and Bank of England’s Mark Carney.
- Key economic data:
China’s new loans, Retail sales, industrial production, and FDI data. German inflation report, UK inflation report on Tuesday. Eurozone GDP report on Tuesday. UK unemployment report on Wednesday. U.S. retail sales and consumer price inflation report on Wednesday. Canada inflation report on Friday.
- Trump:
US president Donald Trump’s Asia visit will end next week. On Monday, President Trump and Secretary of State Rex Tillerson will participate in the US-ASEAN summit in Manila, Philippines, where the President is also expected to sit down with President Rodrigo Duterte of Philippines.
Along with the above fundamentals, unscheduled Brexit commentaries, happenings in the Middle East, Spain’s Catalonia, and Korean peninsula are likely to keep influencing the market.
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