China Set to Hold Benchmark Lending Rates Steady for 15th Month 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Asian Stocks Slide as Chip Selloff and High Bond Yields Hit Markets 
RBA Signals More Rate Hikes Possible as Australia Battles Stubborn Inflation 
Gold Holds Near Two-Month High as Treasury Yields Fall 
BOJ Expected to Hold Rates Steady While Signaling More Hikes Ahead 
RBI Holds Repo Rate at 5.25% as Inflation Risks and Global Uncertainty Persist 
Japan Trade Deficit Widens as Imports Surge on Energy and AI Demand 
BOJ Rate Decision in Focus as Sticky Inflation, Weak Yen Shape USD/JPY and Nikkei Outlook 
U.S. Public Debt Tops $40 Trillion for First Time 
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Compared to last week, this week is less risk heavy due to lack of high profile events or data. However, there are few events and releases this week, which could add some serious volatility in the market.
What to watch for over the coming days:
- Central banks:
Not many central bankers are scheduled to make news this week, except for the Federal Reserve, which is set to release its November meeting minutes on Wednesday. Recent commentaries from Fed Chair Janet Yellen on last Thursday before Senate Joint Economic committee and a speech by New York Fed President Bill Dudley indicate increased possibility of a rate hike in December. The market is pricing a 100 percent chance of a rate hike in December. So the most important point to look at the minutes – Why 2 policy makers voted to hike rates at November meeting, compared to 3 in September and any hints on the future path of interest rates, beyond the December meeting.
- UK Autumn statement:
The UK’s chancellor of Exchequer Phillip Hammond will deliver the highly anticipated autumn budget statement, where the government is expected to announce some form of fiscal stimulus in response to the referendum vote in June, on Wednesday. Expect heavy volatility in pound based pairs and all other UK assets like Gilts and FTSE stocks.
