Dollar Gains as Middle East Tensions and Rising Oil Prices Support Safe-Haven Demand 
South Korea Central Bank Signals Cautious Policy Amid Inflation and Middle East Tensions 
Morgan Stanley: Fed Rate Cuts Still on Track Despite Oil-Driven Inflation 
Oil Prices Surge Amid Escalating U.S.-Iran Conflict and Strait of Hormuz Tensions 
RBA's Hauser Flags Uncertainty on Rate Settings Amid Iran War Economic Risks 
RBI Clamps Down on Rupee NDF Activity, Banks Face Steeper Losses 
Asian Stocks Surge to Record Highs as Wall Street Rally Offsets Oil Price Concerns 
Japan Inflation Expectations Rise as BOJ Rate Hike Timing Faces Uncertainty 
Bank of Japan Signals Potential Rate Hike as Inflation Risks Rise Amid Energy Shock 
Stock Futures Dip as S&P 500, Nasdaq Hit Record Highs Amid Rising U.S.-Iran Tensions 
Asian Markets Mixed as Oil Prices Rise Amid Middle East Tensions and Ceasefire Uncertainty 
ECB Warns of Rising Inflation Risks Amid Iran War Energy Shock 
Dollar Weakens Amid Middle East Tensions and Anticipated Central Bank Decisions 
Bank of Japan's Ueda Flags Low Real Interest Rates as Key Factor in Rate Hike Timing 
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.
