Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
ECB Warns of Rising Inflation Risks Amid Iran War Energy Shock 
Paraguay Holds Interest Rate at 5.5% as Inflation Remains Stable Amid Global Uncertainty 
Morgan Stanley: Fed Rate Cuts Still on Track Despite Oil-Driven Inflation 
Bank of America Maintains Forecast for Two Fed Rate Cuts in 2026 Despite Inflation Risks 
Bank of Japan Warns of Regional Economic Risks Amid Middle East Conflict and Rising Oil Prices 
Australia Bans Card Payment Surcharges Starting October 2025 
Bank of Japan Governor Signals Accommodative Stance Amid Negative Real Rates 
This week is relatively less risk-heavy, both in terms of data and events.
What to watch for over the coming days:
- Central Banks:
European Central Bank (ECB) will announce interest rate decision on Thursday. Bank of Japan (BoJ) will also announce the rate decision on Thursday.
- Economic data:
Second quarter inflation report from New Zealand on Monday and inflation report from the UK on Tuesday, along with key Chinese data throughout the week.
- Brexit:
The European Union’s Brexit negotiator, Michel Barnier, meets his UK counterpart David Davis in Brussels on Monday for their second round of divorce talks.
- US Earnings:
Second quarter earnings season continue this week with reports from nearly 70 companies including big names like Bank of America, Goldman Sachs, Morgan Stanley, Netflix, Johnson & Johnson, CSX, Qualcomm, Microsoft, and Honeywell.
Along with the above fundamentals, unscheduled Brexit commentaries, happenings in the Middle East and Korean peninsula are likely to keep influencing the market.
