RBA Expected to Raise Interest Rates by 25 Basis Points in February, ANZ Forecast Says 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
Federal Reserve Faces Subpoena Delay Amid Investigation Into Chair Jerome Powell 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
In terms of volatility risks, this week is relatively heavy both in terms of data and events.
What to watch for over the coming days:
- Central Banks:
U.S. Federal Reserve’s Bullard to speak Tuesday, Bank of Japan’s Kuroda to speak on Wednesday, and Swiss National Bank’s (SNB) chairman Jordon to speak on Wednesday. Bank of Canada (BoC) will announce the rate decision on Wednesday.
- Economic data:
German inflation report on Wednesday, along with unemployment report. U.S. Q1 GDP and ADP employment report on Wednesday, PCE inflation report on Thursday, and NFP report on Friday.
- Earnings:
9 companies listed on the S&P 500 are slated to report results next week. Big names include HP Inc, Salesforce.com, Michael Kors, PVH, Dollar Tree, Dollar General, Costco and Ulta Beauty.
- Geopolitics:
G7 meeting on Friday. The focus will be on Europe this week as Spain could face an early election after a no-confidence move by the opposition, whereas Italy could go for re-election as the president rejects finance ministers’ bid.
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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