J.P. Morgan Now Expects Two ECB Rate Hikes Amid Inflation Pressures 
Fed Rate Cut Hopes Fade as Oil Prices Stoke Inflation Fears 
BOJ Holds Interest Rates Steady Amid Middle East Uncertainty 
Taiwan Central Bank Expected to Hold Interest Rates Steady Through 2027 
Bank of Japan Holds Rates Steady Amid Iran War Inflation Fears 
China Holds Benchmark Loan Prime Rate Steady for Tenth Consecutive Month 
Paraguay Central Bank Holds Interest Rate at 5.5% Amid Slowing Growth 
Lots of economic data and events scheduled for today, and all with low to medium volatility risks associated.
Data released so far:
- Australia: November trade balance came at $1.925 billion with imports rising 2 percent and exports rising 1 percent.
- Japan: In December consumer confidence declined to 42.7 from 42.9 in November.
Upcoming:
- Switzerland: December unemployment report will be released at 6:45 GMT, followed by the November retail sales report at 7:30 GMT.
- Germany: November retail sales report will be published at 7:00 GMT.
- France: November trade balance report will be released at 7:45 GMT.
- United Kingdom: Halifax house price report will be published at 8:30 GMT.
- Eurozone: Eurozone December sentiment report will be published at 10:00 GMT.
- United States: NFIB business optimism report will be published at 11:00 GMT, followed by the November trade balance report at 13:30 GMT. The JOLTS jobs report will be released at 15:00 GMT.
- Canada: November trade balance report will be published at 13:30 GMT.
- Auction: the U.S. will auction 3-year note at 18:00 GMT.
