FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
US-India Trade Bombshell: Tariffs Slashed to 18% — Rupee Soars, Sensex Explodes 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
Japan Services Sector Records Fastest Growth in Nearly a Year as Private Activity Accelerates 
BOJ Policymakers Warn Weak Yen Could Fuel Inflation Risks and Delay Rate Action 
Oil Prices Climb as Middle East Tensions and U.S. Inventory Data Boost Market Sentiment 
U.S. Stock Futures Rise as Investors Eye Big Tech Earnings and AI Momentum 
Not many economic data and events scheduled for today and all with low to medium risks associated.
Data released so far:
- China: Exports declined by 6.1 percent y/y in December. Imports up by 3.1 percent y/y. Trade balance came at $40.818 billion.
Upcoming:
- Germany: Wholesale price inflation for December will be reported at 7:00 GMT.
- Spain: Consumer inflation number will be released at 8:00 GMT.
- United States: Retail sales report for December will be published at 13:30 GMT, along with producer price inflation and followed by Michigan consumer sentiment report at 15:00 GMT. FOMC member Harker is scheduled to speak at 14:30 GMT.
