Oil Prices Drop as Strait of Hormuz Shipping Recovers 
Gold Prices Rise Above $4,000 as Inflation Data and Weaker Dollar Boost Demand 
Asian Markets Rally as Micron and Qualcomm AI Outlook Lifts Global Tech Stocks 
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
US Dollar Slips After PCE Inflation Data Eases Fed Rate Hike Expectations 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
White House Seeks $87.6 Billion Emergency Funding for Iran War, Farmers, and Ebola Response 
Gold Prices Fall Below $4,000 as Strong Dollar, Fed Rate Hike Bets Weigh on Bullion 
Lots of economic dockets scheduled for today and all with low to medium risks associated.
Data released so far:
- Australia: RBA kept interest rates on hold at 1.5 percent.
- New Zealand: RBNZ inflation expectations rose to 1.9 percent in the fourth quarter.
- United Kingdom: BRC retail sales down 0.6 percent in January.
Upcoming:
- Japan: Coincident index and leading economic index for December will be published at 5:00 GMT.
- Switzerland: SECO consumer climate data will be published at 6:45 GMT, followed by forex reserve details at 8:00 GMT.
- Germany: Industrial production for December will be published at 7:00 GMT.
- France: December trade balance details and budget numbers will be published at 7:45 GMT.
- United Kingdom: Halifax house prices for January will be published at 8:30 GMT.
- United States: December trade balance numbers will be published at 13:30 GMT, followed by the Redbook index at 13:55 GMT, TIPP economic optimism report at 15:00 GMT and consumer credit details at 20:00 GMT.
- Canada: Trade balance numbers for December will be published at 13:30 GMT, followed by IVEY PMI report at 15:00 GMT.
- New Zealand: Global dairy auction is scheduled today.
- Japan: Trade balance for December will be published at 23:50 GMT. BoJ will release the summary of opinions at the same time.
- Auction: U.S. will auction 1-month bills at 16:30 GMT and 3-year note at 18:00 GMT.
