Trump Demands Powell Resign Over Fed Renovation Cost Overruns 
Fed Unveils Stablecoin Rules Under GENIUS Act 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
BOJ Signals Faster Rate Hikes as Inflation Risks Grow 
RBI Raises Repo Rate to 5.50% in Hawkish Shift on Inflation Risks 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Yen in Focus as BOJ, Fed Rate Hikes Reshape Currency Markets 
Australia Consumer Confidence Plunges as RBA Rate Hike Hits Households 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
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In terms of volatility risks, this week is extremely heavy filled with data, central banks’ announcements and geopolitical events.
What to watch for over the coming days:
- Central Banks:
Federal Reserve will announce interest rate decision on Wednesday. Swiss National Bank (SNB) will announce interest rate decision on Thursday. European Central Bank (ECB) will announce the rate decision on Thursday. Bank of Japan (BoJ) will announce interest rate decision on Friday.
- Economic data:
UK’s industrial and manufacturing production data on Monday, Unemployment numbers on Tuesday, inflation report on Wednesday, and retail sales report on Thursday. China’s money supply and loan statistics on Tuesday. United States’ CPI inflation report on Tuesday, retail sales on Thursday. Eurozone CPI on Friday.
- Geopolitics:
U.S. President Donald Trump will meet with North Korea’s supreme leader Kim Jong-Un on Tuesday. UK’s Prime Minister faces parliamentary votes on her Brexit policy on Tuesday. Football world cup will kick off in Russia on Thursday.
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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