BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization 
Austan Goolsbee Signals Potential for More Fed Rate Cuts as Inflation Shows Improvement 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
Gold and Silver Prices Dip as Markets Await Key U.S. Economic Data 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move 
Canada Signals Delay in US Tariff Deal as Talks Shift to USMCA Review 
Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks 
Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data 
Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React 
Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets 
Lots of economic dockets and events scheduled for today but all with low to medium risks associated.
Data released so far:
Australia: Wage price index grew 0.4 percent in third quarter, up 1.9 percent from a year ago. New motor vehicle sales declined 2.4 percent in October, up 1.2 percent from a year back.
Upcoming:
- United States: Fed’s Bullard is scheduled to speak at 8:00 GMT. MBA mortgage applications will be released at 12:00 GMT. Producer price index for October will be released at 13:30 GMT, followed by Industrial production report at 14:15 GMT. NAHB housing market report will be released at 15:00 GMT. EIA will release its weekly inventory report at 15:30 GMT. FOMC member Harker is scheduled to speak at 22:30 GMT.
- Eurozone: ECB will hold its non-monetary policy meeting today.
- United Kingdom: Unemployment report will be published at 9:30 GMT. CB leading economic index will be released at 14:30 GMT.
- Switzerland: Zew survey report will be published at 10:00 GMT.
- Canada: Manufacturing shipments for September will be released at 13:30 GMT.
- New Zealand: RBNZ financial stability report will be released at 20:00 GMT. Producer price index for the third quarter will be released at 21:45 GMT, along with retail sales at 21:45 GMT.
