Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
Federal Reserve Faces Subpoena Delay Amid Investigation Into Chair Jerome Powell 
BOJ Policymakers Warn Weak Yen Could Fuel Inflation Risks and Delay Rate Action 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
China Holds Loan Prime Rates Steady in January as Market Expectations Align 
Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Upcoming:
- New Zealand: ANZ activity outlook index up 10.5 percent in January.
- United Kingdom: GFK consumer confidence index -13 in February.
- Australia: Private capital expenditure up 2 percent in Q4.
- China: Non-manufacturing PMI declined to 54.3 in February, while manufacturing PMI at 49.2, which signals contraction.
- Japan: Construction orders up 19.8 percent y/y in January. Housing starts up 1.1 percent y/y.
Upcoming:
- Switzerland: Q4 GDP report will be released at 6:45 GMT. KOF leading index will be updated at 8:00 GMT.
- Germany: Import price inflation data will be updated at 7:00 GMT.
- United Kingdom: February housing price report will be released at 7:00 GMT.
- France: PPI inflation report will be released at 7:45 GMT, along with CPI inflation, and Q4 GDP report.
- Spain: HICP inflation report will be released at 8:00 GMT, followed by a December current account balance at 9:00 GMT.
- Italy: CPI inflation report will be released at 10:00 GMT.
- Germany: CPI inflation report will be released at 13:00 GMT.
- United States: Weekly jobless claims report will be released at 13:30 GMT, along with Q4 GDP report. EIA will release its weekly natural gas inventory report at 15:30 GMT. Fed’s Clarida is set for a speech at 13:00 GMT, and Bostic at 13:50 GMT. Kansas Fed manufacturing activity report will be released at 16:00 GMT.
- Australia: AiG performance of manufacturing report will be released at 21:30 GMT.
- New Zealand: Q4 Terms of trade report will be released at 21:45 GMT.
- Japan: Tokyo inflation report will be released at 23:30 GMT.
- Auction: Germany and Italy would auction 10-year bond today.
