Federal Reserve Faces Subpoena Delay Amid Investigation Into Chair Jerome Powell 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
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 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Australia: Trade balance for November came at A$1.243 billion.
- Japan: Labor cash earnings rose by 0.2 percent y/y in November.
Upcoming:
- Germany: Factory orders for November will be released at 7:00 GMT, along with retail sales.
- Switzerland: December forex reserve data will be published at 8:00 GMT.
- Eurozone: Confidence data for December will be released at 10:00 GMT, along with retail sales report.
- United States: Trade balance for November will be published at 13:30 GMT, along with NFP report for December, followed by November factory orders and durable goods orders at 15:00 GMT. Fed’s Evans is scheduled to speak on economy and policy at 17:15 GMT. Fed’s Lacker is scheduled to speak at Maryland Bankers’ association at 18:00 GMT.
- Canada: Payroll report for December will be released at 13:30 GMT.
