FxWirePro: Daily Commodity Tracker - 21st March, 2022 
BOJ Signals Faster Rate Hikes as Inflation Risks Raise September Move Odds 
European Stocks Flat as Oil Prices Rise, US CPI in Focus 
Gold Price Hits Two-Month High as Investors Await US Inflation Data 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Japan Executives Warn Weak Yen and Currency Volatility Threaten Economy 
S&P 500, Nasdaq Futures Rise as Iran Risks and CPI Loom 
Iran-Oman Near Strait of Hormuz Deal as Shipping Tensions Persist 
Goldman Sachs Sees US Stock Buybacks Outpacing Equity Issuance as AI Funding Rises 
This week is pretty risk heavy in terms of data and events, some of them can even trigger very high volatility.
What to watch for over the coming days:
- Central banks:
European Central Bank (ECB) president Mario Draghi will give a speech on Monday. US Federal Reserve will announce interest rate decision on Wednesday. Bank of Japan (BoJ) will announce interest rate decision on Thursday. Swiss national Bank (SNB) will announce interest rate decision on Thursday. Bank of England (BoE) will announce interest rate decision on Thursday.
- US data:
Several key economic dockets scheduled for this week; Producer price inflation report on Tuesday, Consumer price inflation and retail sales report on Wednesday and Industrial production numbers on Friday.
- Dutch election:
The first major election in Europe this year will be held on 15th March and in Netherlands. Netherland’s far right; Party for Freedom (PVV) is set to gain most of the seats. PVV supports an exit from EU.
- Trump:
US President Donald Trump will release the draft of his budget proposals on 16th March and is likely to be a major market mover. President Trump is also scheduled to greet the German Chancellor Angela Merkel at the White House on 14th March.
