Bank of Japan Warns of Regional Economic Risks Amid Middle East Conflict and Rising Oil Prices 
RBI Clamps Down on Rupee NDF Activity, Banks Face Steeper Losses 
Iran Tightens Grip on Strait of Hormuz as Oil Prices Surge 
Wall Street Hits Record High as Tech Stocks Surge Amid U.S.-Iran Developments 
Singapore Tightens Monetary Policy Amid Middle East War Inflation Risks 
U.S. Stock Futures Edge Higher as Ceasefire Extension and Intel Earnings Lift Sentiment 
Bank of Japan Signals Rate Flexibility Amid Yen Volatility 
Oil Prices Surge Amid Escalating U.S.-Iran Conflict and Strait of Hormuz Tensions 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Indian Cotton Yarn Exports Surge as China Demand Rises Amid Global Supply Disruptions 
Federal Reserve Probes Big Banks Over Private Credit Exposure Amid Growing Systemic Risk Concerns 
ECB Warns of Rising Inflation Risks Amid Iran War Energy Shock 
Iran-Pakistan Diplomacy and Strait of Hormuz Tensions Push Oil Prices Above $100 
Asian Markets Mixed as Oil Prices Rise Amid Middle East Tensions and Ceasefire Uncertainty 
Lots of economic dockets and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Japan: Nikkei manufacturing PMI marginally declines to 52.4 in March.
- Australia: TD securities inflation is up 2.2 percent y/y in March. Building permits down 4.9 percent y/y in February. Retail sales declined 0.1 percent in February.
Upcoming:
- Japan: Vehicle sales will be reported at 5:00 GMT.
- Spain: Markit manufacturing PMI and unemployment change for March will be reported at 7:00 GMT.
- Switzerland: February real retail sales report will be released at 7:15 GMT, followed by SVME PMI at 7:30 GMT.
- Italy: Markit manufacturing PMI report for March will be released at 7:45 GMT, followed by unemployment report at 8:00 GMT and wage inflation report at 9:00 GMT.
- France: Markit manufacturing PMI report for March will be released at 7:50 GMT.
- Germany: Markit manufacturing PMI report for March will be released at 7:55 GMT.
- Greece: Markit manufacturing PMI report for March will be released at 8:00 GMT.
- Eurozone: Markit manufacturing PMI report for March will be released at 8:00 GMT, followed by unemployment report for February and producer price inflation at 10:00 GMT.
- Canada: RBC manufacturing PMI report will be released at 13:30 GMT.
- United States: Markit manufacturing PMI report will be released at 13:45 GMT, followed by ISM manufacturing PMI and construction spending at 14:00 GMT. Fed’s Dudley is scheduled to speak at 14:30 GMT, Harker at 19:00 GMT and Lacker at 21:00 GMT.
- New Zealand: NZIER will business confidence for the first quarter at 21:00 GMT.
- Auction: U.S. will auction 3-month and 6-month bills at 15:30 GMT.
