Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
Bank of Japan Signals Cautious Path Toward Further Rate Hikes Amid Yen Weakness 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Thailand Inflation Remains Negative for 10th Straight Month in January 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Australia: Wage price index rose 0.5 percent in the third quarter, up 2 percent from a year ago.
- China: FDI up 1.9 percent y/y in October.
- Japan: Industrial production down 1 percent in September, up 2.6 percent from a year ago.
Upcoming:
- France: Consumer price inflation report will be released at 7:45 GMT.
- United States: Fed’s Evans is scheduled to speak at 8:00 GMT. MBA mortgage applications report will be released at 12:00 GMT, followed by New York Empire State manufacturing report, Consumer price inflation report, and October retail sales report at 13:30 GMT. EIA will release weekly crude oil inventory report at 15:30 GMT. U.S. Treasury will report treasury securities inflow report for September.
- United Kingdom: ILO unemployment report will be released at 9:30 GMT. MPC member Haldane is scheduled to speak at 17:30 GMT.
- Eurozone: September trade balance report will be released at 10:00 GMT.
