Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Australia: Private sector credit grew 0.7 percent in December, up 5.6 percent from a year ago.
- Japan: BoJ kept monetary policy unchanged with interest rate at -0.1 percent. Vehicle production rose 4.2 percent y/y. Construction orders rose 7.1 percent y/y. Housing starts rose by 3.9 percent y/y.
Upcoming:
- Japan: Kuroda press conference will begin at 6:30 GMT.
- France: Fourth quarter flash GDP number will be released at 6:30 GMT. Flash consumer price inflation numbers for January and producer price inflation numbers for December will be published at 7:45 GMT.
- Germany: Retail sales numbers for December will be published at 7:00 GMT. Unemployment report for January will be published at 8:55 GMT.
- Spain: Flash HICP inflation numbers will be released at 8:00 GMT. Current account balance for November will be published at 9:00 GMT.
- Italy: Unemployment report for December will be published at 9:00 GMT. Producer price inflation number for December will be published at 10:00 GMT.
- United Kingdom: Consumer credit report, mortgage approvals report and money supply statistics, all will be published for the month of December at 9:30 GMT.
- Eurozone: Fourth quarter flash GDP number will be published at 10:00 GMT., along with unemployment rate for January and consumer price inflation for January.
- Germany: Flash CPI and HICP for January will be released at 13:00 GMT.
- United States: Employment cost index for fourth quarter will be published at 13:30 GMT, followed by S&P Case/Shiller home price report at 14:00 GMT, Chicago PMI at 14:45 GMT, and consumer confidence at 15:00 GMT.
- Canada: Raw material price, industrial product price, and December GDP, all will be published at 13:30 GMT.
- New Zealand: Fourth quarter unemployment report will be released at 21:45 GMT.
- Australia: AiG manufacturing index will be released at 22:30 GMT.


Wall Street Falls as Oil Prices Rise, Fed Minutes and Retail Earnings in Focus
Yen Edges Higher as Weak US Data Dampens Fed Rate Hike Expectations
Oil Prices Steady as Strait of Hormuz Traffic Slows Amid US-Iran Conflict
Oil Prices Rise as U.S.-Iran Tensions Grip Strait of Hormuz
Asian Stocks Steady as Iran War Keeps Oil Prices and Inflation Risks Elevated
Oil Prices Rise as Iran-U.S. Tensions Threaten Strait of Hormuz Supply
Malaysia Inflation Eases to 1.8% in July, Below Forecast 



