India Services Sector Rebounds in January as New Business Gains Momentum: HSBC PMI Shows Growth 
Bank of Japan Likely to Delay Rate Hike Until July as Economists Eye 1% by September 
Paul Atkins Emphasizes Global Regulatory Cooperation at Fintech Conference 
Gold, Silver, and Platinum Rally as Precious Metals Recover from Sharp Selloff 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
Trump Administration Sued Over Suspension of Critical Hudson River Tunnel Funding 
Oil Prices Climb as Middle East Tensions and U.S. Inventory Data Boost Market Sentiment 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
Asian Currencies Strengthen as Indian Rupee and Australian Dollar Rally 
Compared to last week, this week is less risk heavy due to lack of high profile events or data. However, there are few events and releases this week, which could add some serious volatility in the market.
What to watch for over the coming days:
- Central banks:
Not many central bankers are scheduled to make news this week, except for the Federal Reserve, which is set to release its November meeting minutes on Wednesday. Recent commentaries from Fed Chair Janet Yellen on last Thursday before Senate Joint Economic committee and a speech by New York Fed President Bill Dudley indicate increased possibility of a rate hike in December. The market is pricing a 100 percent chance of a rate hike in December. So the most important point to look at the minutes – Why 2 policy makers voted to hike rates at November meeting, compared to 3 in September and any hints on the future path of interest rates, beyond the December meeting.
- UK Autumn statement:
The UK’s chancellor of Exchequer Phillip Hammond will deliver the highly anticipated autumn budget statement, where the government is expected to announce some form of fiscal stimulus in response to the referendum vote in June, on Wednesday. Expect heavy volatility in pound based pairs and all other UK assets like Gilts and FTSE stocks.
