South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
BOJ Holds Interest Rates Steady, Upgrades Growth and Inflation Outlook for Japan 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Australia: Investment lending for homes rose by 4.9 percent, while home loans rose by 0.9 percent. New motor vehicle sales up 0.2 percent y/y in December.
- Japan: Industrial production rose by 1.5 percent in November, up 4.6 percent from a year ago.
Upcoming:
- France: November budget details will be out at 7:45 GMT.
- Italy: Trade balance data for November will be released at 9:00 GMT.
- United Kingdom: December inflation numbers will be published at 9:30 GMT. Prime Minister Theresa May is scheduled to speak on Brexit at 11:45 GMT.
- Germany: Zew survey report for January will be published at 10:00 GMT.
- Eurozone: Zew survey report will be released at 10:00 GMT.
- United States: New York empire state manufacturing index will be released at 13:30 GMT., followed by TIPP Economic optimism index at 15:00 GMT. Fed’s Dudley is scheduled to speak at 13:45 GMT and Lael Brainard is scheduled to speak at 15:00 GMT. Treasury Secretary Jack lew will be delivering a speech at 15:00 GMT.
- New Zealand: Global dairy auction is scheduled today.
- Australia: Westpac consumer confidence report will be published at 23:30 GMT.
- Auction: US will auction 3-month, 1-month and 6-month bills at 16:30 GMT.
