Inflation: raising interest rates was never the right medicine 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
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Lots of economic data and events scheduled for today and some with high volatility risks associated.
Upcoming:
- Germany: Import price inflation numbers for May will be published at 6:00 GMT.
- United Kingdom: Nationwide house price data for June will be released at 6:00 GMT.
- Switzerland: UBS consumption indicator for May will be reported at 6:00 GMT. Zew survey report for June will be published at 8:00 GMT.
- France: Consumer confidence report for June will be released at 6:45 GMT.
- Spain: Retail sales report for May will be released at 7:00 GMT.
- Eurozone: Private loans and money supply data for May will be released at 8:00 GMT. ECB President Draghi will be speaking at 13:30 GMT at ECB organized central bankers’ meet, along with BoE’s Carney, BoJ’s Kuroda, and BoC’s Poloz.
- Italy: Flash Consumer inflation numbers for June will be updated at 9:00 GMT.
- United States: MBA mortgage applications numbers will be updated at 11:00 GMT, followed by the release of wholesale inventories report for May, along with Goods trade balance for the same month. Pending home sales report will be released at 14:00 GMT. EIA will release weekly crude oil inventory report at 14:00 GMT.
- Japan: Retail trade report will be published at 23:50 GMT.
