Fed’s Goolsbee Warns Inflation Remains Elevated, Signals Caution on Rate Cuts 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Eurozone Recession Risks Rise as Middle East Conflict Threatens Growth, ECB Official Warns 
ECB Signals Possible Interest Rate Move if Inflation Outlook Fails to Improve 
BOJ Rate Decision in Focus as Yen, Inflation, and Nikkei Hang in Balance 
DOJ Ends Probe Into Fed Chair Jerome Powell, Boosting Kevin Warsh Confirmation Prospects 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
South Korea Central Bank Signals Inflation Concerns as Oil Prices Surge 
Paraguay Holds Interest Rate at 5.5% as Inflation Remains Stable Amid Global Uncertainty 
South Korea Central Bank Signals Cautious Policy Amid Inflation and Middle East Tensions 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- Japan: Nikkei manufacturing PMI declines to 52.5 in May.
- Australia: Westpac leading index up 0.2 percent in May. Construction works down in the first quarter down 0.2 percent.
Upcoming:
- France: ILO unemployment report for the first quarter will be released at 5:30 GMT. Flash PMI reports will be released at 7:00 GMT.
- Germany: Flash services PMI reports will be released at 7:30 GMT.
- Eurozone: Flash services PMI reports will be released at 8:00 GMT.
- United Kingdom: UK inflation reports (RPI, CPI, PPI, and HPI) will be released at 8:30 GMT. CBI trade survey report will be released at 10:00 GMT.
- United States: MBA mortgage applications report will be released at 11:00 GMT. Flash PMI reports will be released at 13:45 GMT. New home sales report will be released at 14:00 GMT. EIA will release weekly crude oil inventory report at 14:30 GMT. FOMC will release minutes at 18:00 GMT. Fed’s Kashkari is set for a speech at 18:15 GMT.
- New Zealand: April trade balance report will be released at 22:45 GMT.
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