Oil Prices Rise as Hormuz Reopening Remains Uncertain 
China Holds Loan Prime Rates Steady for 14th Month as Economic Recovery Remains Uneven 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Japan Services Producer Prices Rise 3.2% in June, Supporting BOJ Rate Hike Expectations 
European Stocks Flat as Oil Prices Rise, US CPI in Focus 
Eurozone Bond Yields Fall as Oil Slump Eases Inflation Fears Ahead of Central Bank Meetings 
Singapore Central Bank’s Exchange Rate Policy Explained: Why MAS Uses the S$NEER Instead of Interest Rates 
RBA Signals More Rate Hikes Possible as Australia Battles Stubborn Inflation 
This week is relatively less risk heavy due to an absence of major economic data and events. Nevertheless, there are some events scheduled this week that you might want to keep a tab on.
What to watch for over the coming days:
- Central banks:
Several Federal Reserve speakers are scheduled to speak this week and that should give some ideas on individual thinking. Boston Fed President Eric Rosengren and Richmond Fed President Jeffrey Lacker are scheduled to speak on Monday. St. Louis Fed President James Bullard and Chair Yellen are also scheduled to speak this week. FOMC member Harker and Evans are scheduled to speak on Thursday.
- China data:
With Forex reserve detail published for the month of December, the focus would turn on the next set of data from China. Producer and consumer price details would be released on Tuesday and Trade balance data for December on Friday.
- US earnings:
Investors would turn their focus onto fourth quarter earnings details from the companies listed in S&P 500. This week, big banks like the Bank of America, JPMorgan, and Wells Fargo are scheduled to release their earnings details.
- Trump press conference:
Donald Trump is scheduled to hold his first press conference in New York on Wednesday amid a row between the US President-elect and the intelligence community.
