FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Japan Declines Comment on BOJ’s Absence From Global Support Statement for Fed Chair Powell. Source: Asturio Cantabrio, CC BY-SA 4.0, via Wikimedia Commons 
New York Fed President John Williams Signals Rate Hold as Economy Seen Strong in 2026 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
China Holds Loan Prime Rates Steady in January as Market Expectations Align 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
Markets React as Tensions Rise Between White House and Federal Reserve Over Interest Rate Pressure 
In terms of volatility risks, this week is quite heavy. There are some key events and data that you need to keep a tab on.
What to watch for over the coming days:
- Central Banks:
Bank of Japan (BoJ) will announce interest rate decision on Tuesday. European Central Bank (ECB) will announce interest rate decision on Thursday. Bank of England (BoE) governor Mark Carney is set to speak at Davos on Friday, along with Governor Kuroda.
- Economic data:
UK Unemployment on Wednesday. Canada retail sales report on Thursday. U.S. GDP report on Friday.
- U.S. government shutdown:
U.S. Congress will continue to negotiate to break the deadlock open government which remains in shut down since Friday.
- U.S. earnings:
More than 80 companies on S&P 500 are set to announce fourth-quarter earnings report. Big names include Verizon, Netflix, United Technologies, General Electric, Ford, Caterpillar, Starbucks, Wynn Resorts and Honeywell.
- Davos:
President Trump is expected to join Davos economic forum which begins on Tuesday. He is expected for a speech on Friday at the event. Davos economic forum is the biggest gathering of business leaders, finance executives, and political leaders.
Along with the above fundamentals, unscheduled Brexit commentaries, happenings in the Middle East, Spain’s Catalonia, and Korean peninsula are likely to keep influencing the market.
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