Dollar Holds Firm as Strong U.S. Data, Fed Expectations and Global Central Bank Moves Shape Markets 
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 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
South Korea Inflation Hits Five-Month Low as CPI Reaches Central Bank Target 
Asian Currencies Strengthen as Indian Rupee and Australian Dollar Rally 
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
Asian Markets Slide as Silver Volatility, Earnings Season, and Central Bank Meetings Rattle Investors 
India Budget 2025 Highlights Manufacturing Push but Falls Short of Market Expectations 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
U.S. Stock Futures Rise as Investors Eye Big Tech Earnings and AI Momentum 
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.
