US-India Trade Bombshell: Tariffs Slashed to 18% — Rupee Soars, Sensex Explodes 
Asian Currencies Trade Sideways as Dollar Stabilizes, Yen Weakens Ahead of Japan Election 
Federal Reserve Faces Subpoena Delay Amid Investigation Into Chair Jerome Powell 
ECB Signals Steady Interest Rates as Fed Risks Loom Over Outlook 
Japan Services Sector Records Fastest Growth in Nearly a Year as Private Activity Accelerates 
China and Uruguay Strengthen Strategic Partnership Amid Shifting Global Order 
S&P 500 Rises as AI Stocks and Small Caps Rally on Strong Earnings Outlook 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
Oil Prices Steady as Markets Weigh U.S.-Iran Talks, Dollar Strength Caps Gains 
Compared to last week, this week is less risk heavy. However, there are few speakers this week, who could add some serious volatility in the market.
What to watch for over the coming days:
- US Presidential elect Donald Trump:
It seems US Presidential elect Donald Trump is never out of headlines. This week, on Thursday he is set to meet Japanese counterpart Shinzo Abe on Mr. Abe’s request. Japan has been worried of Mr. Trump’s commentaries with regard to Japan taking American jobs and need to pay more in order to receive America’s protection.
- Central banks:
Bank of England (BoE) president Mark Carney is scheduled to testify before Parliament’s treasury committee on Tuesday.
Federal Reserve chair Janet Yellen is scheduled to testify before Senate’s Joint Economic Committee on Thursday. There are other notable Fed speakers; Bill Dudley of New York Fed, James Bullard of St. Louis Fed, Fed’s Vice-chair Stanley Fischer, Esther George of Kansas City Fed scheduled to speak this week.
- UK data:
Watch out for UK inflation numbers on Tuesday, as it could add some serious volatility to the pound based pairs. Unemployment report is scheduled for Wednesday and Retail sales data on Thursday.
- US data:
Several key economic figures are to be released this week; the most important ones are CPI inflation figures on Thursday and retail sales data on Tuesday.
