Fed Holds Rates Steady as Middle East Conflict Clouds Inflation Outlook 
Bank of Japan Holds Rates Steady Amid Inflation Concerns and Yen Weakness 
ANZ and Westpac Forecast Two RBA Rate Hikes in March and May 2026 
ECB Eyes Rate Hike Amid Iran Conflict-Driven Energy Price Surge 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
J.P. Morgan Now Expects Two ECB Rate Hikes Amid Inflation Pressures 
Not many economic data and events scheduled for today and all with low to medium volatility risks associated.
Data released so far:
- Australia: GDP grew 0.3 percent in the first quarter, up 1.7 percent from a year ago.
Upcoming:
- Japan: Leading economic index and coincident index will be published at 5:00 GMT.
- Germany: Factory orders report for April will be released at 6:00 GMT.
- Spain: Industrial output report for April will be released at 7:00 GMT.
- Switzerland: April Forex reserve will be announced at 7:00 GMT.
- United Kingdom: Halifax house price report will be released at 7:30 GMT and RICS house price balance report will be released at 23:00 GMT.
- Italy: Retail sales report for April will be published at 8:00 GMT.
- United States: MBA mortgage applications report will be released at 11:00 GMT, followed by TIPP economic optimism at 14:00 GMT. EIA will release weekly crude oil inventory at 14:30 GMT.
- Japan: 1st quarter GDP report will be released at 23:50 GMT, along with trade balance report for April.
