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 
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
RBA Expected to Raise Interest Rates by 25 Basis Points in February, ANZ Forecast Says 
ECB Signals Steady Interest Rates as Fed Risks Loom Over Outlook 
In terms of volatility risks, this week is heavy with the focus of central banks and geopolitics,
What to watch for over the coming days:
Central Banks:
- Bank of Japan (BoJ) will announce the monetary policy decision on Tuesday.
- Federal Reserve will announce monetary policy decision on Wednesday.
- Bank of England (BoE) will announce monetary policy on Thursday.
Economic data:
- Japan’s unemployment report on Monday.
- German inflation report on Tuesday, retail sales and unemployment reports on Wednesday.
- U.S. income and spending report on Tuesday, ADP employment report on Wednesday, ISM manufacturing PMI on Thursday, and NFP report on Friday.
- China’s official manufacturing PMI reports on Wednesday and Caixin manufacturing report on Thursday.
- Australia’s inflation report on Wednesday.
- Eurozone Q2 GDP and July inflation report on Wednesday.
- Manufacturing PMI reports from all around the world to be released on Thursday.
Geopolitics:
- U.S. trade representative Robert Lighthizer and Treasury Secretary Steven Mnuchin to hold trade talks with Chinese counterparts this week.
