Supreme Court Backs Lisa Cook, Defends Federal Reserve Independence Against Trump Firing Attempt 
New Zealand Unemployment and Inflation Debate Intensifies Ahead of 2026 Election 
China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery 
ECB Set to Raise Interest Rates as Energy Shock Fuels Eurozone Inflation Concerns 
RBA Minutes Signal Australia Central Bank Remains Ready to Raise Interest Rates if Inflation Persists 
BOJ Rate Hike Expected to Boost Yen, Impact USD/JPY and Nikkei 
Japan Signals Surprise Yen Intervention Strategy as BOJ Hawkish Stance Puts FX Traders on Alert 
Central Banks Eye Gold, Reduce Dollar Exposure as AI Adoption Accelerates: OMFIF Survey 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- New Zealand: RBNZ inflation expectations rose to 2.1 percent in the fourth quarter of 2017.
Upcoming:
- Germany: Consumer price inflation report will be released at 7:00 GMT, along with fourth quarter flash GDP numbers. Bundesbank President Weidmann is scheduled to speak at 8:00 GMT.
- Switzerland: SNB board member Zurbrugg is scheduled to speak at 8:50 GMT.
- Italy: Fourth quarter flash GDP report will be released at 9:00 GMT.
- Portugal: Fourth quarter flash GDP report will be released at 11:00 GMT.
- Eurozone: Fourth quarter flash GDP report will be released at 10:00 GMT, along with December industrial production report.
- United States: MBA mortgage applications report will be released at 12:00 GMT. Retail sales report will be released at 13:30 GMT, along with CPI inflation report. EIA will release weekly crude oil inventory report at 15:30 GMT.
- Japan: Machinery orders report will be released at 23:50 GMT.
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