Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
China Holds Loan Prime Rates Steady in January as Market Expectations Align 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Fed Confirms Rate Meeting Schedule Despite Severe Winter Storm in Washington D.C. 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
Lots of data and events today and some with high risks associated.
Data released so far:
- Australia: Trade balance for September came at -1.23 billion. Imports declined by 1 percent, while exports are up by 2 percent.
- New Zealand: ANZ commodity prices grew 0.7 percent in October.
- China: Services PMI grew to 52.4 in October, up from 52 in September.
Upcoming:
- Switzerland: Fourth quarter consumer climate data will be published at 6:45 GMT.
- Spain: Unemployment change for October will be published at 7:00 GMT.
- Italy: Unemployment report for September will be published at 9:00 GMT.
- Eurozone: Economic bulletin will be published at 9:00 GMT, followed by unemployment report at 10:00 GMT.
- United Kingdom: Markit services PMI report will be published at 9:30 GMT. BoE will announce interest rate decision at 12:00 GMT.
- United States: Challenger jobs report will be published at 11:30 GMT, followed by initial jobless claims report and unit labor costs for the third quarter. Markit services PMI report will be published at 13:45 GMT, followed by ISM non-manufacturing PMI report at 14:00 GMT. EIA will release its weekly natural gas inventory report at 14:30 GMT, which will be followed by factory orders data at 15:00 GMT.
