Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
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 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Bank of Korea Expected to Hold Interest Rates as Weak Won Limits Policy Easing 
Oil Prices Climb as Middle East Tensions and U.S. Inventory Data Boost Market Sentiment 
US-India Trade Bombshell: Tariffs Slashed to 18% — Rupee Soars, Sensex Explodes 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
Australia’s December Trade Surplus Expands but Falls Short of Expectations 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Asian Markets Wobble as AI Fears Rattle Stocks, Oil and Gold Rebound 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
Not many economic dockets scheduled for today but some with high volatility risks associated.
Data released so far:
- Australia: National Australia Bank’s business confidence rose to 5 in the third quarter. Full time employment declined by 53,000 and part time employment grew by 43,200. So net employment declined by 9,800. Unemployment rate came at 5.6 percent.
Upcoming:
- Germany: Producer price index for September will be released at 6:00 GMT.
- Switzerland: Trade balance for September will be released at 6:00 GMT.
- Eurozone: Current account for August will be released at 8:00 GMT. ECB will announce interest rate decision at 11:45 GMT, followed by press conference at 12:30 GMT.
- United Kingdom: Retail sales for report for September will be released at 8:30 GMT.
- United States: Weekly jobless claims report will be published at 12:30 GMT, followed by existing home sales report at 14:00 GMT. EIA will report on weekly natural gas inventories at 14:30 GMT.
- Auctions: Spain will auction 10 year bonds today.
