RBA Raises Interest Rates to 4.35% Amid Rising Inflation Risks and Middle East Tensions 
Eurozone Recession Risks Rise as Middle East Conflict Threatens Growth, ECB Official Warns 
DOJ Ends Probe Into Fed Chair Jerome Powell, Boosting Kevin Warsh Confirmation Prospects 
BOJ Rate Decision in Focus as Yen, Inflation, and Nikkei Hang in Balance 
RBA Rate Hike Outlook: Impact on AUD/USD and ASX 200 
South Korea Central Bank Signals Inflation Concerns as Oil Prices Surge 
Paraguay Holds Interest Rate at 5.5% as Inflation Remains Stable Amid Global Uncertainty 
Fed’s Goolsbee Warns Inflation Remains Elevated, Signals Caution on Rate Cuts 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- United Kingdom: GFK consumer confidence index came at -14 in January.
- Australia: Australia’s terms of trade improved with export price index up 4.4 percent q/q in Q4, and import price index rising 0.5 percent.
- China: NBS manufacturing PMI came at 49.5 in January, and non-manufacturing PMI came at 54.7.
- Japan: Housing starts up 2.1 percent y/y in December.
Upcoming:
- Germany: December retail sales report will be released at 7:00 GMT, and followed by unemployment report at 8:55 GMT.
- France: CPI inflation report will be released at 7:45 GMT.
- Spain: HICP inflation report will be released at 8:00 GMT, along with Q4 GDP, and followed by current account balance at 9:00 GMT.
- Italy: December unemployment report will be released at 9:00 GMT. Along with Q4 GDP.
- Eurozone: Q4 GDP report will be published at 10:00 GMT, along with the December unemployment report.
- United States: Weekly jobless claims report will be released at 12:30 GMT, followed by Chicago PMI report 14:45 GMT. EIA will release weekly natural gas inventory report at 15:30 GMT.
- Japan: December unemployment report will be released at 23:30 GMT.
- Auction: the U.S. will auction 1-month bills at 16:30 GMT.
