RBA Holds Rates but Warns of Rising Inflation Pressures 
Fed Meeting Sparks Division as Markets Brace for Possible Rate Cut 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
BOK Expected to Hold Rates at 2.50% as Housing and Currency Pressures Persist 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
In terms of volatility risks, this week is quite heavy. There are some key events and data that you need to keep a tab on.
What to watch for over the coming days:
- Central Banks:
Bank of Japan (BoJ) will announce interest rate decision on Tuesday. European Central Bank (ECB) will announce interest rate decision on Thursday. Bank of England (BoE) governor Mark Carney is set to speak at Davos on Friday, along with Governor Kuroda.
- Economic data:
UK Unemployment on Wednesday. Canada retail sales report on Thursday. U.S. GDP report on Friday.
- U.S. government shutdown:
U.S. Congress will continue to negotiate to break the deadlock open government which remains in shut down since Friday.
- U.S. earnings:
More than 80 companies on S&P 500 are set to announce fourth-quarter earnings report. Big names include Verizon, Netflix, United Technologies, General Electric, Ford, Caterpillar, Starbucks, Wynn Resorts and Honeywell.
- Davos:
President Trump is expected to join Davos economic forum which begins on Tuesday. He is expected for a speech on Friday at the event. Davos economic forum is the biggest gathering of business leaders, finance executives, and political leaders.
Along with the above fundamentals, unscheduled Brexit commentaries, happenings in the Middle East, Spain’s Catalonia, and Korean peninsula are likely to keep influencing the market.
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