Bank of Japan's Ueda Flags Low Real Interest Rates as Key Factor in Rate Hike Timing 
Eurozone Recession Risks Rise as Middle East Conflict Threatens Growth, ECB Official Warns 
RBA Raises Interest Rates to 4.35% Amid Rising Inflation Risks and Middle East Tensions 
ECB Rate Outlook: Ceasefire Eases Pressure but Hikes Still Expected in 2026 
Bank of Japan Signals Potential Rate Hike as Inflation Risks Rise Amid Energy Shock 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Paraguay Holds Interest Rate at 5.5% as Inflation Remains Stable Amid Global Uncertainty 
Fed’s Goolsbee Warns Inflation Remains Elevated, Signals Caution on Rate Cuts 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- Japan: Markit services PMI declined to 51 in December.
Upcoming:
- Germany: November retail sales report will be released at 7:00 GMT, along with factory orders report.
- Switzerland: November Forex reserve data will be reported at 8:00 GMT.
- Eurozone: Sentix investor confidence report for the month of January will be released at 9:30 GMT. November retail sales report will be published at 10:00 GMT.
- United States: ISM non-manufacturing PMI report will be released at 15:00 GMT, along with November factory orders report. FOMC member Bostic is set for a speech at 17:40 GMT.
- Canada: IVEY PMI report will be released at 15:00 GMT.
- Auction: the U.S. will auction 3-month and 6-month bills at 16:30 GMT.
