ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
New York Fed President John Williams Signals Rate Hold as Economy Seen Strong in 2026 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
In terms of volatility risks, this week is extremely heavy with the focus on Brexit, and Sino-American trade talks,
What to watch for over the coming days:
- Central Banks: Federal Reserve will announce interest rate decision at 19:00 GMT.
- Economic data: United States’ Consumer confidence report on Tuesday, ADP employment and Q4 GDP report on Wednesday, and PCE inflation report on Friday. Australia’s CPI inflation report on Wednesday. Eurozone sentiment report on Wednesday, and Q4 GDP report on Friday. German CPI inflation report on Wednesday. Chinese PMI report on Thursday, and on Friday.
- Geopolitics: Sino-American preparatory trade talks to begin on Monday before high-level talks on Wednesday, and Thursday. United Kingdom’s parliament to vote on a new Brexit deal submitted by the government. India will hold 22-member two-day Arab league summit 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.
