MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
Markets React as Tensions Rise Between White House and Federal Reserve Over Interest Rate Pressure 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
China Holds Loan Prime Rates Steady in January as Market Expectations Align 
Japan Declines Comment on BOJ’s Absence From Global Support Statement for Fed Chair Powell. Source: Asturio Cantabrio, CC BY-SA 4.0, via Wikimedia Commons 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
RBA Expected to Raise Interest Rates by 25 Basis Points in February, ANZ Forecast Says 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Japan: Labor cash earnings are up 0.7 percent from a year ago.
Upcoming:
- China: China might release FX reserve data today.
- Japan: Coincident and leading economic index reports will be released at 5:00 GMT.
- Switzerland: Unemployment report for June will be published at 5:45 GMT. FX reserve data will be released at 7:00 GMT.
- Germany: Industrial production report for the month of May will be published at 6:00 GMT.
- France: May trade balance report will be published at 6:45 GMT, along with industrial production for, budget details, and current account balance for the month.
- Spain: Industrial output report for May will be published at 7:00 GMT.
- United Kingdom: Halifax house price report will be published at 7:30 GMT, followed by industrial and manufacturing production report and May trade balance report at 8:30 GMT. NIESR will release the GDP estimate at 14:00 GMT.
- Global: G20 meeting begins today in Hamburg Germany.
- United States: NFP report will be published at 12:30 GMT. EIA will release natural gas inventory report at 14:30 GMT.
- Canada: Unemployment report June will be released at 12:30 GMT. IVEY PMI report will be published at 14:00 GMT.
