Fed Rate Cut Hopes Fade as Oil Prices Stoke Inflation Fears 
RBA Set for Back-to-Back Rate Hikes, Westpac Forecasts 
Global Central Banks Hold Rates Amid Iran War-Driven Energy Price Surge 
Taiwan Central Bank Expected to Hold Interest Rates Steady Through 2027 
BOJ Holds Interest Rates Steady Amid Middle East Uncertainty 
China Holds Benchmark Loan Prime Rate Steady for Tenth Consecutive Month 
ANZ and Westpac Forecast Two RBA Rate Hikes in March and May 2026 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- Australia: December trade deficit came at $1.358 billion. RBA kept interest rates unchanged at today’s meeting.
Upcoming:
- Germany: December factory orders report will be released at 7:00 GMT. Bundesbank President Weidmann is set to speak at 9:00 GMT.
- France: First quarter investment report will be released at 7:45 GMT, along with December budget details.
- United States: December trade balance report will be released at 13:30 GMT. Fed’s Bullard is scheduled to speak at 13:50 GMT. JOLTS jobs report will be released at 15:00 GMT.
- Canada: IVEY PMI report will be released at 15:00 GMT.
- New Zealand: Fourth quarter unemployment report will be released at 21:45 GMT.
- Australia: AiG performance of construction report will be released at 22:30 GMT.
- Auction: U.S. will auction 1-month bills at 16:30 GMT, followed by 3-year note at 18:00 GMT.
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