1. Key economic releases / central bank events (today) The main scheduled data releases and policy risk today: • U.S. Consumer Confidence (Conference Board) around 10:00 ET — gauge of household sentiment that can influence equity risk appetite and USD direction. Forecast is slightly above prior levels. • ADP Employment Change (8:15 ET) — weekly private payrolls that often lead U.S. labor sentiment before official jobs data. • BoC Rate Statement (09:45 ET) — Bank of Canada’s policy decision and guidance could affect CAD and North American rates markets. • Richmond Fed Manufacturing Index / ECB speeches provide medium impact FX and rates cues. • Federal Reserve meeting ongoing (Jan 27-28) — markets are pricing a hold on rates with potential commentary today/Wednesday shaping expectations. No major Fed rate action expected today, but commentary and risk around Fed independence could drive volatility. 2. Overnight global markets – Asia & Europe, futures and forex context • Asia ex-Japan rallied overnight, with major indexes reaching record highs amid optimism ahead of large-cap U.S. earnings, including tech names like Microsoft, Apple, and Tesla. Korea’s KOSPI bounced strongly after initial tariff shock. • Europe held mixed to slightly positive bias; Germany’s DAX dipped modestly while the FTSE 100 edged higher. • Futures: Major U.S. equity futures show modest gains for Nasdaq and S&P500; Dow futures softer. Treasury yields have eased slightly. • FX context: USD has shown weakness across major pairs, with the yen strengthening amid intervention fears. 3. Pre-market movement of Tesla and key stocks • Tesla (TSLA) pre-market is modestly up ~0.6–0.7% (around ~$436–438). • Tesla earnings are scheduled after market close on Wednesday, Jan. 28 (AMC). (Your watchlist should include other scheduled earnings: Microsoft and Apple later this week as well. ) 4. Significant news headlines / macro developments • U.S.–South Korea tariff escalation triggered initial volatility but markets appear to have digested the news with a risk-on tone in Asia.