Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons 
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
Bank of Japan Signals Cautious Path Toward Further Rate Hikes Amid Yen Weakness 
Not many economic data and events scheduled for today, but some with high volatility risks associated.
Data released so far:
- Australia: Consumer inflation expectation rose to 4.1 percent in March from 3.7 percent in February.
- United Kingdom: RICS house price balance index declined further to -28 percent.
- China: Industrial production down 5.3 percent y/y in January. Fixed asset investments up 6.1 percent y/y in February. Retail sales growth unchanged at 8.2 percent y/y in January.
Upcoming:
- Germany: CPI inflation report will be released at 7:00 GMT.
- Switzerland: PPI inflation report will be released at 7:30 GMT.
- France: CPI inflation report will be released at 7:30 GMT.
- United States: Weekly jobless claims report will be released at 12:30 GMT, along with terms of trade report, followed by new home sales report at 14:00 GMT. EIA will release its weekly natural gas inventory report at 14:30 GMT.
- United Kingdom: Brexit voting at19:00 GMT.
- New Zealand: Business PMI report will be released at 21:30 GMT.
- Auction: the U.S. will auction 1-month bills at 15:30 GMT.
