FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Fed Rate Cut Odds Rise as December Decision Looks Increasingly Divided 
RBA Signals Possible Rate Implications as Inflation Proves More Persistent 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
New RBNZ Governor Anna Breman Aims to Restore Stability After Tumultuous Years 
BOJ Signals Imminent Interest Rate Hike Amid Strengthening Economic Conditions 
BOJ’s Noguchi Calls for Cautious, Gradual Interest Rate Hikes to Sustain Inflation Goals 
Singapore Maintains Steady Monetary Outlook as Positive Output Gap Persists into 2025 
In terms of volatility risks, this week is heavy, and there are some scheduled events and data that readers need to keep a tab on.
What to watch for over the coming days:
- Central Banks: Federal Reserve will release the Beige book on Wednesday. Bank of England (BoE) will announce the rate decision on Thursday. European Central Bank (ECB) will announce interest rate decision on Thursday. Bank of Canada (BoC) will release business review report on Friday.
- Economic data: China inflation report on Monday. UK’s unemployment report On Tuesday. U.S. PPI inflation report on Wednesday, CPI inflation report on Thursday, and retail sales report on Friday.
- Geopolitics: U.S. special envoy for North Korea Stephen Biegun will start a five-day visit to South Korea, China, and Japan on Monday. Thursday will see the beginning of Eastern Economic Forum in Vladivostok, Russia. Russian President Vladimir Putin, Chinese President Xi Jinping, and Japanese Prime Minister Shinzo Abe are expected to attend. Presidents of 14 EU member states (Austria, Bulgaria, Greece, Croatia, Estonia, Finland, Germany, Hungary, Italy, Latvia, Malta, Poland, Portugal, and Slovenia) to hold a meeting in Latvia also on Thursday.
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.
