Morgan Stanley: Fed Rate Cuts Still on Track Despite Oil-Driven Inflation 
Singapore Tightens Monetary Policy Amid Middle East War Inflation Risks 
Bank of Japan Governor Signals Accommodative Stance Amid Negative Real Rates 
Bank of Korea Governor Nominee Warns of Action if Korean Won Weakens Further 
RBI Clamps Down on Rupee NDF Activity, Banks Face Steeper Losses 
Bank of Japan Unveils New Inflation Gauge to Support Case for Future Rate Hikes 
Bank of America Maintains Forecast for Two Fed Rate Cuts in 2026 Despite Inflation Risks 
Lots of economic data and events scheduled for today, and all with low to medium volatility risks associated.
Upcoming:
- Switzerland: December trade balance report will be released at 7:00 GMT.
- Italy: Industrial sales and orders report will be released at 9:00 GMT.
- Eurozone: December trade balance report will be released at 9:00 GMT, followed by the ZEW economic sentiment report at 10:00 GMT. ECB’s chief economist Peter Praet is set for a speech at 15:00 GMT.
- United Kingdom: ILO unemployment report will be published at 9:30 GMT.
- Germany: ZEW sentiment survey report will be released at 10:00 GMT.
- United States: NAHB house price report will be published at 15:00 GMT.
- Auction: the U.S. will auction 3-month and 6-month bills at 16:30 GMT.
