J.P. Morgan Now Expects Two ECB Rate Hikes Amid Inflation Pressures 
Fed Holds Rates Steady as Middle East Conflict Clouds Inflation Outlook 
RBA Raises Cash Rate to 4.10% in Closest Vote Since Transparent Voting Began 
Fed Rate Cut Hopes Fade as Oil Prices Stoke Inflation Fears 
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.
Upcoming:
- China: China’s trade balance came at $4.12 billion, with exports declining 20.7 percent y/y in February, and imports declining 5.2 percent y/y.
Upcoming:
- Germany: January Factory orders report will be released at 7:00 GMT.
- France: January trade balance report will be released at 7:45 GMT.
- Spain: industrial output report for the month of January will be published at 8:00 GMT.
- Italy: January industrial output report will be published at 9:00 GMT, followed by the PPI inflation report at 10:00 GMT.
- United States: January building starts and permits report will be released at 13:30 GMT, along with the February non-farm payroll report.
- Canada: Unemployment report will be published at 13:30 GMT.
