FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Trump and Lula Discuss Trade, Sanctions, and Security in “Productive” Phone Call 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Yesterday’s ADP employment report was a total blockbuster and we need to give some of the credit to the newly elected President of the United States; Donald Trump who has held meetings with several US companies even before his inauguration and was successful in making them not leaving the country and adding jobs. We would lay out several charts,
- The total number of jobs added in the economy as per the ADP payroll report was at 298,000 in February which is the highest since April 2014. (Chart 1)
- The number of jobs added in the goods-producing sector was 106,000 in February, which is the highest since at least 2002 (when comparable records began). (Chart 2)
- The number of jobs added in the manufacturing sector was 32,000 in February, which is the highest since April 2012. (Chart 3)
- The number of jobs added in the construction sector was 66,000 in February, which is the highest since at least 2002 (when comparable records began). (Chart 4)
