Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
China Holds Loan Prime Rates Steady in January as Market Expectations Align 
Bank of Korea Expected to Hold Interest Rates as Weak Won Limits Policy Easing 
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 
Lots of economic data and events scheduled for today, and all with low to medium volatility risks associated.
Data and events so far:
- New Zealand: Credit card spending up 7 percent y/y in February.
Upcoming:
- United Kingdom: ILO unemployment report will be published at 9:30 GMT. CBI will release industrial order survey report at 11:00 GMT.
- United States: MBA mortgage applications report will be published at 11:00 GMT, followed by current account balance report for the fourth quarter at 12:30 GMT and existing home sales report at 14:00 GMT. EIA will release weekly inventory report at 14:30 GMT. Fed will announce monetary policy at 18:00 GMT, followed by the press conference at 18:30 GMT.
- Switzerland: SNB will release quarterly bulletin at 14:00 GMT.
- New Zealand: RBNZ will announce interest rate decision at 20:00 GMT.
