Eurozone Recession Risks Rise as Middle East Conflict Threatens Growth, ECB Official Warns 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Japan Inflation Expectations Rise as BOJ Rate Hike Timing Faces Uncertainty 
Havana Protests Erupt as Cuba Faces Severe Blackouts and Fuel Crisis 
Dollar Gains as Fed Rate Hike Bets Rise Ahead of Trump-Xi Summit 
Fed’s Goolsbee Warns Inflation Remains Elevated, Signals Caution on Rate Cuts 
Oil Prices Slip as Strait of Hormuz Disruptions and U.S. Inventory Data Keep Markets on Edge 
BOJ Rate Decision in Focus as Yen, Inflation, and Nikkei Hang in Balance 
Bank of Korea Signals Potential Interest Rate Hikes as Inflation Remains Elevated 
Paraguay Holds Interest Rate at 5.5% as Inflation Remains Stable Amid Global Uncertainty 
Lots of economic dockets and events scheduled for today and all with low to medium volatility risks associated.
Data released so far:
- Australia: Consumer inflation expectations rose to 4.1 percent in April. Unemployment remained same at 5.9 percent despite 0.2 percent increase in the participation as economy adds 60,900 jobs.
- China: In March, trade balance came at $23.93 billion. Exports rose by 16.4 percent y/y and imports up by 20.3 percent y/y.
Upcoming:
- Germany: Consumer price inflation report will be released at 6:00 GMT.
- France: Consumer price inflation report will be released at 6:45 GMT.
- Switzerland: Producer and import price data for March will be updated at 7:15 GMT.
- Italy: Consumer price inflation report will be released at 8:00 GMT.
- United Kingdom: BoE will release credit conditions survey at 8:30 GMT.
- United States: producer price inflation report for March will be released at 12:30 GMT, along with weekly jobless claims report. Michigan consumer sentiment report will be published at 14:00 GMT. EIA will release weekly natural gas inventory report at 14:30 GMT.
- Canada: New house price index will be updated at 12:30 GMT, along with February manufacturing shipments report. BoC governor Poloz is scheduled to speak at 14:30 GMT.
