FxWirePro: Daily Commodity Tracker - 21st March, 2022 
RBA Raises Interest Rates to 4.35% Amid Rising Inflation Risks and Middle East Tensions 
Fed’s Goolsbee Warns Inflation Remains Elevated, Signals Caution on Rate Cuts 
Japan Inflation Expectations Rise as BOJ Rate Hike Timing Faces Uncertainty 
Eurozone Recession Risks Rise as Middle East Conflict Threatens Growth, ECB Official Warns 
BOJ Governor Kazuo Ueda Hints at Rate Hike as Inflation Pressures Build 
DOJ Ends Probe Into Fed Chair Jerome Powell, Boosting Kevin Warsh Confirmation Prospects 
Paraguay Holds Interest Rate at 5.5% as Inflation Remains Stable Amid Global Uncertainty 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
In terms of volatility risks, this week is relatively heavy compared to the last one both in terms of data and events.
What to watch for over the coming days:
- Central Banks:
Reserve bank of Australia (RBA) will announce the rate decision on Tuesday. FOMC member Neel Kashkari set for a speech on Tuesday, and Loretta Mester on Wednesday.
- Economic data:
U.S. ISM manufacturing numbers on Monday, ADP employment report on Wednesday, February trade balance report on Thursday, and NFP report on Friday. Eurozone CPI inflation report on Wednesday, PPI inflation, and retail sales on Thursday.
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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