ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
RBA Expected to Raise Interest Rates by 25 Basis Points in February, ANZ Forecast Says 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
Federal Reserve Faces Subpoena Delay Amid Investigation Into Chair Jerome Powell 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- Japan: Markit services PMI rose to 52.5 in April.
- China: Caixin manufacturing PMI rose to 51.1 in April.
Upcoming:
- Switzerland: SECO consumer climate report will be released at 5:45 GMT, followed by retail sales report at 7:15 GMT, and SVME PMI report at 7:30 GMT.
- Spain: Markit manufacturing report will be released at 7:15 GMT.
- Italy: Markit manufacturing report will be released at 7:45 GMT, followed by unemployment report at 8:00 GMT, and first quarter GDP report at 9:00 GMT.
- France: Markit manufacturing report will be released at 7:50 GMT.
- Germany: Markit manufacturing report will be released at 7:55 GMT. Bundesbank President Weidmann is set for a speech at 15:30 GMT.
- Eurozone: Markit manufacturing report will be released at 8:00 GMT, and first quarter GDP report at 9:00 GMT. Unemployment report will also be published at 9:00 GMT.
- United States: MBA mortgage applications report will be released at 11:00 GMT, followed by ADP employment report at 12:15 GMT, and ISM New York report at 13:45 GMT. EIA will release weekly crude oil inventory report at 14:30 GMT. FOMC will announce monetary policy decision at 18:00 GMT.
- Australia: AiG performance of services report will be published at 23:30 GMT.
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