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 
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
South Korea Inflation Hits Five-Month Low as CPI Reaches Central Bank Target 
Gold Prices Stabilize in Asian Trade After Sharp Weekly Losses Amid Fed Uncertainty 
China and Uruguay Strengthen Strategic Partnership Amid Shifting Global Order 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
Asian Markets Slide as Silver Volatility, Earnings Season, and Central Bank Meetings Rattle Investors 
Markets React as Tensions Rise Between White House and Federal Reserve Over Interest Rate Pressure 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
Lots of economic data and events scheduled for today and all with high volatility risks associated.
Data released so far:
- China: Trade balance declined to $28.74 billion in September as exports grew by 8.1 percent y/y and imports grew by 18.7 percent y/y.
Upcoming:
- Germany: CPI inflation report will be released at 6:00 GMT.
- Switzerland: Producer and import price report will be released at 7:15 GMT.
- Italy: Consumer price inflation report will be released at 8:00 GMT.
- United States: CPI inflation report will be released at 12:30 GMT, along with September retail sales report. Fed’s Rosengren is set to speak at 12:30 GMT, Evans at 14:25 GMT, Kaplan at 15:30 GMT, and Powell at 17:00 GMT. Michigan consumer sentiment report will be released at 14:00 GMT.
- Eurozone: ECB’s Vitor Constancio to speak at 14:15 GMT.
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