Oil Prices Slide as OPEC, IEA Cut 2026 Demand Forecasts 
European Stocks Steady as U.S.-Iran War, Euro Zone Data Keep Investors Cautious 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
European Stocks Rise as U.S. Inflation Data Eases Fed Rate Hike Fears 
Asian Stocks Rise as AI Chip Rally Lifts South Korea, Japan 
Japan Government Backs Earlier BOJ Rate Hike as Inflation Pressures Build 
KOSPI Rebounds 20% as Samsung, SK Hynix Lead South Korea Stock Rally 
Strait of Hormuz Shipping Near Standstill After New Vessel Attacks 
Gold Prices Rise as Weak US Retail Sales Cut Fed Rate Hike Bets 
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Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- New Zealand: ANZ commodity price index down 0.9 percent in November.
- United Kingdom: BRC like for like retail sales up 0.6 percent in November.
- Australia: Retail sales up 0.5 percent in October. Third quarter current account balance came at -9.1 billion. RBA kept monetary policy unchanged at today’s meeting with rates at 1.5 percent.
- China: Caixin services PMI rose to 51.9 in November.
Upcoming:
- Spain: Industrial output report will be released at 8:00 GMT, followed by Markit services PMI report at 8:15 GMT.
- Italy: Markit services PMI report will be released at 8:45 GMT.
- France: Markit services PMI report will be released at 8:50 GMT.
- Germany: Markit services PMI report will be released at 8:55 GMT.
- Eurozone: Markit services PMI report will be released at 9:00 GMT. October retail sales report will be released at 10:00 GMT.
- United Kingdom: Markit services PMI report will be released at 9:30 GMT.
- United States: October trade balance report will be released at 13:30 GMT. Markit services PMI report will be released at 14:45 GMT, followed by ISM non-manufacturing PMI at 15:00 GMT. TIPP economic optimism at 15:00 GMT.
- Canada: October trade balance report will be released at 13:30 GMT.
- New Zealand: Global dairy auction is scheduled today.
- Auction: U.S. will auction 1-month and 12-month bills at 16:30 GMT. Spain will sell 6-month and 12-month bonds today.
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