Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns 
BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization 
Asian Markets Rebound as Tech Rally Lifts Wall Street, Investors Brace for BOJ Rate Hike 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
Lots of economic dockets and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Australia: Third quarter house price index rose by 1.5 percent, up 3.5 percent from a year ago. National Australia Business confidence and conditions came at 5 for November.
- China: Retail sales rose by 10.8 percent y/y in November. Industrial production rose by 6.2 percent y/y and urban investments rose by 8.3 percent y/y.
Upcoming:
- Germany: Consumer price inflation numbers will be released at 7:00 GMT, followed by Zew survey report at 10:00 GMT.
- Spain: Inflation numbers for November will be reported at 8:00 GMT.
- Italy: Industrial output for October will be reported at 9:00 GMT.
- United Kingdom: Inflation numbers that include RPI, CPI, PPI, and HPI will be released at 9:30 GMT.
- Eurozone: Employment change report for third quarter and Zew survey for December will be released at 10:00 GMT.
- United States: NFIB business optimism index, and terms of trade for November will be released at 11:00 GMT and 13:30 GMT respectively.
- Australia: Westpac consumer confidence report for December will be released at 23:30 GMT.
- Japan: Tankan manufacturing survey for third quarter will be released at 23:50 GMT.
- Auction: Spain will auction 3-month and 9-month letras today. Germany will auction 30-year bund. US will auction 1-month bills at 16:30 GMT, and 30-year bond at 18:00 GMT.
