Trump Administration Sued Over Suspension of Critical Hudson River Tunnel Funding 
Markets React as Tensions Rise Between White House and Federal Reserve Over Interest Rate Pressure 
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
Asian Currencies Trade Sideways as Dollar Stabilizes, Yen Weakens Ahead of Japan Election 
Asian Markets Wobble as AI Fears Rattle Stocks, Oil and Gold Rebound 
Paul Atkins Emphasizes Global Regulatory Cooperation at Fintech Conference 
BOJ Holds Interest Rates Steady, Upgrades Growth and Inflation Outlook for Japan 
Bank of Korea Expected to Hold Interest Rates as Weak Won Limits Policy Easing 
Not many economic data and events scheduled for today and all with low to medium volatility risks associated.
Data released so far:
- Australia: Consumer price index rose by 0.5 percent in the fourth quarter, up 1.5 percent from a year ago. RBA trimmed mean CPI rose 1.6 percent from a year ago.
Upcoming:
- Switzerland: UBS consumption indicator will be published at 7:00 GMT.
- France: Business climate data for January will be published at 7:45 GMT.
- Germany: IFO sentiment report that includes current assessment, expectations, and business climate will be published at 9:00 GMT.
- Italy: Industrial sales and orders data for November will be published at 9:00 GMT, followed by trade balance details at 10:00 GMT.
- United Kingdom: CBI industrial trends survey details will be published at 11:00 GMT.
- United States: MBA mortgage details will be published at 12:00 GMT, followed by house price index for November at 14:00 GMT. EIA will release weekly crude oil inventory report at 15:30 GMT.
- New Zealand: Consumer price index for the fourth quarter will be published at 21:45 GMT. RBNZ governor Wheeler is scheduled to speak at 23:00 GMT.
- Japan: Corporate service prices data will be published at 23:50 GMT.
- Auction: Germany will auction 30-year bond today.
