Indonesia Passes New Central Bank Law, Raising Investor Concerns Over Policy Independence 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
South Korea Signals Possible Interest Rate Hike as Inflation Remains Elevated 
BOJ Raises Interest Rates to 31-Year High, Signals Strong Focus on Inflation Risks 
ECB Set to Raise Interest Rates as Energy Shock Fuels Eurozone Inflation Concerns 
Uruguay Central Bank Holds Interest Rate at 5.75% Amid Inflation and Oil Price Concerns 
In terms of volatility risks, this week is heavy with economic data, as well as central bank events.
What to watch for over the coming days:
- Central Banks: Bank of Canada (BoC) will announce the rate decision on Wednesday. FOMC will publish the Beige Book report on Wednesday. European Central Bank (ECB) will announce the rate decision on Thursday.
- Economic data: U.S. goods trade balance report on Thursday, and Q3 GDP report on Friday. Japan inflation report on Thursday.
- Geopolitics: Saudi Arabia’s 3-day investment conference kicks off on Tuesday. However, several high-level business and government executives including U.S. Treasury Secretary Steven Mnuchin have pulled off from attending the event over the killing of Washington post Journalist Jamal Khashoggi at Saudi Consulate in Istanbul. Canada to host a multilateral summit on reforming the World Trade Organization.
Along with the above fundamentals, unscheduled Brexit commentaries, happenings in the Middle East, Italy, and Korean peninsula are likely to keep influencing the market.
