BOJ Holds Interest Rates Steady, Upgrades Growth and Inflation Outlook for Japan 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Not many economic data and events scheduled for today, and all with medium volatility risks associated.
Upcoming:
- New Zealand: ANZ commodity price index up 2.8 percent in February.
- United Kingdom: BRC retail sales index down -0.1 percent y/y in February.
- Japan: Markit services PMI up 52.3 in February.
- Australia: Q4 current account balance came at -$7.2 billion. RBA kept rates unchanged at 150 bps after today’s meeting.
Upcoming:
- Switzerland: CPI inflation report for February will be released at 7:30 GMT. SNB’s Zurbrugg is set for a speech at 9:00 GMT.
- Spain: Services PMI report will be released at 8:15 GMT.
- Italy: Services PMI report will be released at 8:45 GMT. Q4 GDP report due at 9:00 GMT.
- France: Services PMI report will be released at 8:50 GMT.
- Germany: Services PMI report will be released at 8:55 GMT.
- Eurozone: Services PMI report will be released at 9:00 GMT. January retail sales report is due at 10:00 GMT.
- United Kingdom: Services PMI report will be released at 9:30 GMT. BoE governor Carney set for a speech at 15:30 GMT.
- United States: Building permits report will be released at 12:30 GMT, followed by ISM non-manufacturing PMI at 15:00 GMT. New home sales report will be released at 15:00 GMT.
- New Zealand: Global dairy auction is scheduled today.
- Auction: Spain will auction 6-month and 12-month Letras today.
