FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Goldman Sachs Raises ECB Rate Hike Forecast Amid Persistent Energy-Driven Inflation 
ANZ and Westpac Forecast Two RBA Rate Hikes in March and May 2026 
RBA Set for Back-to-Back Rate Hikes, Westpac Forecasts 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Goldman Sachs Delays Bank of England Rate Cut Forecast Amid Middle East Inflation Risks 
Global Central Banks Hold Rates Amid Iran War-Driven Energy Price Surge 
RBA Raises Cash Rate to 4.10% in Closest Vote Since Transparent Voting Began 
J.P. Morgan Now Expects Two ECB Rate Hikes Amid Inflation Pressures 
In terms of volatility risks, this week is extremely heavy and the week belongs to the central bankers.
What to watch for over the coming days:
- Central Banks:
Reserve Bank of Australia (RBA) will announce interest rates on Tuesday. Reserve Bank of New Zealand (RBNZ) will announce interest rate decision on Wednesday.
- Economic data:
China will report trade balance numbers on Wednesday for the month of July and CPI inflation numbers on Thursday. Japan will report Q2 GDP numbers on Thursday. UK will report GDP numbers on Friday. The U.S. will report CPI inflation numbers on Friday.
- Geopolitics:
U.S. sanctions are set to go live On Iran beginning Monday.
- Earnings:
Nearly 47 companies listed on the S&P 500 are slated to report results this week. Big names include Snap, Walt Disney, 21st Century Fox CVS, Viacom, Marriott and Tyson Foods.
Along with the above fundamentals, unscheduled Brexit commentaries, happenings in the Middle East, Italy, and the Korean peninsula are likely to keep influencing the market.
