Bank of Japan Warns of Regional Economic Risks Amid Middle East Conflict and Rising Oil Prices 
ECB Eyes Rate Hike Amid Iran Conflict-Driven Energy Price Surge 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Morgan Stanley: Fed Rate Cuts Still on Track Despite Oil-Driven Inflation 
Bank of Korea Nominee Shin Hyun-song Calls for Flexible Monetary Policy Amid Iran War Risks 
India's Central Bank Holds Rates Amid Iran War Energy Shock 
RBI Holds Interest Rates Steady Amid Middle East Tensions and Global Uncertainty 
RBI Clamps Down on Rupee NDF Activity, Banks Face Steeper Losses 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Upcoming:
- Germany: PPI inflation report for the month of May will be released at 6:00 GMT. Prior 2.5 percent y/y, expected 2.1 percent.
- Italy: Trade balance report due at 8:00 GMT.
- Eurozone: April current account balance report due at 8:00 GMT, followed by construction output report at 9:00 GMT. ECB President Draghi’s speech due at 14:00 GMT.
- United Kingdom: Inflation reports including RPI, CPI, PPI, and HPI will be released at 8:30 GMT. CBI will release its industrial trend survey report at 10:00 GMT.
- United States: MBA mortgage applications report will be released at 11:00 GMT. EIA will release its weekly crude oil inventory report at 14:30 GMT. Federal Reserve will announce monetary policy decision and will release projection materials at 18:00 GMT.
- Canada: CPI inflation report will be released at 12:30 GMT.
- New Zealand: Q1 GDP report due at 22:45 GMT.
