Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
RBA Expected to Raise Interest Rates by 25 Basis Points in February, ANZ Forecast Says 
Australia’s December Trade Surplus Expands but Falls Short of Expectations 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Fed Confirms Rate Meeting Schedule Despite Severe Winter Storm in Washington D.C. 
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Thailand Inflation Remains Negative for 10th Straight Month in January 
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings 
This week is extremely risk heavy. Expect lots of volatility.
What to watch for over the coming days:
- Central banks:
Reserve Bank of Australia (RBA) will announce interest rate decision on Tuesday. Bank of Japan (BoJ) will announce interest rate decision on Tuesday. FOMC will announce interest rate decision on Wednesday. Bank of England (BoE) will announce interest rate decision on Thursday.
- US data:
Key economic dockets will be released this week; Personal consumer/spending data on Monday, ISM manufacturing PMI on Tuesday, ADP employment on Wednesday, and non-farm payroll data on Friday.
- China data:
PMI reports are due this week and they would be most closely watched releases from Asia as they are vital for the assessment of the strength of the US economy.
In addition to the above, unscheduled Brexit commentaries would keep weighing on the market.
