FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Global Central Banks Hold Rates Amid Iran War-Driven Energy Price Surge 
Goldman Sachs Delays Bank of England Rate Cut Forecast Amid Middle East Inflation Risks 
BOJ Holds Interest Rates Steady Amid Middle East Uncertainty 
Bank of Japan Holds Rates Steady Amid Inflation Concerns and Yen Weakness 
Fed Rate Cut Hopes Fade as Oil Prices Stoke Inflation Fears 
Bank of Japan Governor Signals Gradual Progress Toward 2% Inflation Target 
J.P. Morgan Now Expects Two ECB Rate Hikes Amid Inflation Pressures 
This week is quite risk-heavy, both in terms of data and events.
What to watch for over the coming days:
- Central Banks:
Reserve Bank of Australia (RBA) will announce interest rate decision on Tuesday. Bank of England (BoE) will announce interest rate decision on Thursday.
- Economic data:
PMI reports from across the world. Eurozone second quarter GDP number on Tuesday. US PCE expenditure report on Tuesday, ADP employment report on Wednesday and NFP report on Friday.
- US Earnings:
Second quarter earnings season continue this week with reports from nearly 130 companies including big names like Pfizer, Time Warner, Chesapeake, Kellogg, Motorola, Kraft Heinz and Warren Buffett’s Berkshire Hathaway. World’s largest company by market value, Apple will report earnings on Tuesday.
Along with the above fundamentals, unscheduled Brexit commentaries, happenings in the Middle East and Korean peninsula are likely to keep influencing the market.
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