Think the RBA will lift rates on Melbourne Cup day? Don't bet your house on it 
Why the Bank of England is now more upbeat than the IMF 
What central banks are doing to safeguard financial stability and why they must proceed with caution 
The Federal Reserve held off hiking interest rates 
Why central banks should stop raising interest rates 
Inflation: raising interest rates was never the right medicine 
Sure, the RBA froze interest rates on Tuesday, but there's plenty of pain to come 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- New Zealand: ANZ activity outlook index came at 15.6 percent, same as last month.
Upcoming:
- Germany: GFK consumer confidence report will be released at 7:00 GMT, along with fourth quarter unemployment survey and followed by IFO survey at 9:00 GMT.
- Italy: December trade balance report will be released at 9:00 GMT, along with industrial sales and orders report at 9:00 GMT.
- United Kingdom: BBA mortgage approvals report for December will be released at 9:30 GMT. CBI distributive trade survey report will be released at 11:00 GMT.
- Eurozone: ECB will announce interest rate decision at 12:45 GMT, followed by a press conference at 13:30 GMT.
- United States: Weekly jobless claims report will be released at 13:30 GMT. New home sales report will be released at 15:00 GMT. EIA will release weekly natural gas inventory report at 15:30 GMT. Kansas Fed manufacturing survey report will be released at 16:00 GMT.
- Canada: Retail sales report will be released at 13:30 GMT.
- Japan: Tokyo and national CPI reports will be released at 23:30 GMT.
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