Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- United Kingdom: BRC shop price index declined 1.7 percent y/y in January.
- Japan: Nikkei manufacturing PMI declined marginally to 52.7 in January.
- China: NBS manufacturing PMI marginally declined to 51.3 in January and non-manufacturing came at 54.6
Upcoming:
- United Kingdom: Nationwide housing prices for January will be reported at 7:00 GMT.
- Japan: BoJ governor Kuroda is scheduled to speak at 7:15 GMT.
- Spain: Markit manufacturing PMI will be reported at 8:15 GMT.
- Switzerland: SVME PMI report will be published at 8:30 GMT.
- Italy: Markit manufacturing PMI report for January will be published at 8:45 GMT.
- France: Markit manufacturing PMI report will be published at 8:50 GMT.
- Germany: Markit manufacturing PMI report will be published at 8:50 GMT.
- Eurozone: ECB will hold its non-monetary policy meeting today. Markit manufacturing PMI report for January will be published at 9:00 GMT. European commission released economic growth forecast report at 10:00 GMT.
- United Kingdom: Markit manufacturing PMI report will be published at 9:30 GMT.
- United States: MBA mortgage applications number will be reported at 12:00 GMT. ADP employment report will be published at 13:15 GMT, followed by Markit manufacturing PMI at 14:45 GMT and ISM manufacturing PMI at 15:00 GMT. EIA will release crude oil inventory report at 15:30 GMT. FOMC will announce interest rate decision at 19:00 GMT.


JPMorgan Sees ECB Raising Rates to 2.75% in December
Oil Prices Fall as Saudi Supply Improves, Middle East Fears Ease
Yemen Fighting Threatens Red Sea Oil Routes
ECB Rate Hike in Focus as Oil Tops $100
Oil Prices Fall as Saudi Supply Concerns Ease
Mexico Pushes for US Trade Deal Before Midterms
Bessent Presses Japan on Fiscal Policy as Yen Struggles
BOJ Set for Rate Hike as Inflation and Yen Pressure Mount
Venezuela Nears Deal to Move $4 Billion in Gold to New York Fed
Trump Threatens EU Tariffs Over Canada Membership Proposal
US Stock Futures Dip After Wall Street Rally
Trump Hopes Iran War Nears End as Yemen Fighting Escalates
Yen Sinks as BOJ Rate Hike Fails to Impress Markets 



