Fed Confirms Rate Meeting Schedule Despite Severe Winter Storm in Washington D.C. 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Not many economic data and events scheduled for today, and all with low to medium volatility risks associated.
Data released so far:
- China: June trade balance came at $41.61 billion with imports rising by 14.1 percent and exports rose by 11.3 percent.
- Japan: Industrial production up 4.2 percent y/y in May.
Upcoming:
- Germany: Wholesale inflation report will be released at 6:00 GMT.
- Spain: HICP inflation report will be released at 7:00 GMT.
- Switzerland: PPI inflation report for June will be released at 7:15 GMT.
- United Kingdom: BoE member Cunliffe is set for a speech at 11:00 GMT.
- United States: Terms of trade report will be released at 12:30 GMT. Michigan consumer sentiment report will be released at 14:00 GMT. FOMC member Bostic is set for a speech at 16:30 GMT.
