J.P. Morgan Now Expects Two ECB Rate Hikes Amid Inflation Pressures 
Goldman Sachs Delays Bank of England Rate Cut Forecast Amid Middle East Inflation Risks 
Bank of Japan Governor Signals Gradual Progress Toward 2% Inflation Target 
Fed Holds Rates Steady as Middle East Conflict Clouds Inflation Outlook 
Bank of Japan Holds Rates Steady Amid Inflation Concerns and Yen Weakness 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- Australia: December trade deficit came at $1.358 billion. RBA kept interest rates unchanged at today’s meeting.
Upcoming:
- Germany: December factory orders report will be released at 7:00 GMT. Bundesbank President Weidmann is set to speak at 9:00 GMT.
- France: First quarter investment report will be released at 7:45 GMT, along with December budget details.
- United States: December trade balance report will be released at 13:30 GMT. Fed’s Bullard is scheduled to speak at 13:50 GMT. JOLTS jobs report will be released at 15:00 GMT.
- Canada: IVEY PMI report will be released at 15:00 GMT.
- New Zealand: Fourth quarter unemployment report will be released at 21:45 GMT.
- Australia: AiG performance of construction report will be released at 22:30 GMT.
- Auction: U.S. will auction 1-month bills at 16:30 GMT, followed by 3-year note at 18:00 GMT.
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