FxWirePro: Daily Commodity Tracker - 21st March, 2022 
RBA Signals More Rate Hikes Possible as Australia Battles Stubborn Inflation 
Eurozone Bond Yields Fall as Oil Slump Eases Inflation Fears Ahead of Central Bank Meetings 
BOJ Expected to Hold Rates Steady While Signaling More Hikes Ahead 
Singapore Central Bank’s Exchange Rate Policy Explained: Why MAS Uses the S$NEER Instead of Interest Rates 
Chile Central Bank Holds Interest Rate at 4.5% as Inflation and Global Risks Persist 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
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.
