Fed Rate Cut Hopes Fade as Oil Prices Stoke Inflation Fears 
J.P. Morgan Now Expects Two ECB Rate Hikes Amid Inflation Pressures 
RBA Raises Cash Rate to 4.10% in Closest Vote Since Transparent Voting Began 
Bank of Japan Unveils New Inflation Gauge to Support Case for Future Rate Hikes 
China Holds Benchmark Loan Prime Rate Steady for Tenth Consecutive Month 
Fed Holds Rates Steady as Middle East Conflict Clouds Inflation Outlook 
In terms of volatility risks, this week is relatively light thanks to low key events and data. Nevertheless, as a trader
What to watch for over the coming days:
- Central Banks: Several Federal Reserves’ speakers this week; Daly on Monday, Brainard on Tuesday, Fed Chair Powell and member Kaplan on Wednesday.
- Economic data: UK’s October unemployment report on Tuesday, inflation on Wednesday, and retail sales report on Thursday. German CPI on Tuesday. Japan’s industrial production report on Wednesday. China’s retail sales, industrial production, and fixed asset investments report on early Wednesday. United States’ CPI inflation number on Wednesday. Australia’s employment report on Thursday. EU’s CPI inflation report on Friday.
- Geopolitics: EU’s general affairs council to discuss Brexit on Monday. U.S. vice-president Mike Pence to visit Japan on Tuesday. 5-day long ASEAN leaders’ summit ends on Thursday.
Along with the above fundamentals, unscheduled Brexit commentaries, happenings in the Middle East, Italy, and Korean peninsula are likely to keep influencing the market.
