ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
BOJ Policymakers Warn Weak Yen Could Fuel Inflation Risks and Delay Rate Action 
Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Thailand Inflation Remains Negative for 10th Straight Month in January 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Lots of economic dockets and events scheduled for today and some with very high volatility risks associated.
Data released so far:
- Australia: New motor vehicle sales declined by 0.6 percent in November, down 1.1 percent from a year ago.
- Japan: Industrial production registered no growth in October, down 1.4 percent from a year ago.
Upcoming:
- France: Consumer price inflation for November will be released at 7:45 GMT.
- Eurozone: ECB would hold non-monetary policy today. Industrial production numbers for October will be released at 10:00 GMT.
- Switzerland: Producer price inflation numbers for November will be released at 8:15 GMT. ZEW survey report will be released at 10:00 GMT.
- Italy: Consumer price inflation numbers for November will be released at 9:00 GMT.
- United Kingdom: unemployment report will be released at 9:30 GMT. BoE governor Carney is scheduled to speak at 12:15 GMT.
- United States: MBA mortgage application data will be reported at 12:00 GMT, followed by retail sales report and producer price inflation numbers at 13:30 GMT. Industrial production data for November will be announced at 14:15 GMT. EIA will release its weekly inventory report at 15:30 GMT. FOMC will announce interest rate decision at 19:00 GMT.
- New Zealand: Business PMI number will be reported at 21:45 GMT.
