FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Japan Declines Comment on BOJ’s Absence From Global Support Statement for Fed Chair Powell. Source: Asturio Cantabrio, CC BY-SA 4.0, via Wikimedia Commons 
China Holds Loan Prime Rates Steady in January as Market Expectations Align 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
This week is extremely risk-heavy not just in terms of data but events as well.
What to watch for over the coming days:
- Central Banks:
Bank of Canada (BoC) will announce interest rate decision on Wednesday. It is widely speculated that BoC will hike interest rates at that meeting. Several Fed speakers are scheduled this week; Brainard and Kashkari on Tuesday on Tuesday, Evans on Thursday, and Kaplan on Friday. Fed Chair Janet Yellen will testify before Congress on Wednesday and Thursday. Bank of England (BoE) MPC members Broadbent and Haldane are scheduled to speak on Tuesday.
- Economic data:
UK unemployment report on Wednesday. U.S. PPI inflation report on Thursday and CPI inflation report on Friday along with retail sales. Trade balance report from China on Thursday.
- Trump-Macon meeting:
President Trump will be visiting France to join Emmanuel Macron on Bastille Day celebrations. The two remain divided over issues like Climate change.
- US Earnings:
Second quarter earnings week to begin this week with reports from big names like JP Morgan Chase, Wells Fargo, Citigroup, Delta, and PepsiCo.
Along with the above fundamentals, unscheduled Brexit commentaries, happenings in Middle East and Korean peninsula are likely to keep influencing the market.
