FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
BOJ Holds Interest Rates Steady, Upgrades Growth and Inflation Outlook for Japan 
Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
ECB Signals Steady Interest Rates as Fed Risks Loom Over Outlook 
Lots of economic data and events scheduled for today and all with low to medium volatility risks associated.
Data released so far:
- Australia: Trade balance improves to 2.471 billion as exports increased by 9 percent and imports by 1 percent.
Upcoming:
- Germany: Factory orders report for May will be published at 6:00 GMT.
- Switzerland: Consumer price inflation report for June will be published at 7:15 GMT.
- United States: FOMC member Williams will be speaking at 7:45 GMT, Powell at 14:00 GMT, and Fischer at 23:30 GMT. MBA mortgage applications numbers will be released at 11:00 GMT, followed by challenger jobs report at 11:30 GMT and ADP employment numbers at 12:15 GMT. Trade balance report for May will be published at 12:30 GMT. Markit services PMI report will be published at 13:45 GMT, and ISM non-manufacturing PMI at 14:00 GMT. EIA will release crude oil inventory report at 14:30 GMT.
- Eurozone: ECB’s Praet is scheduled to speak at 10:00 GMT. ECB will release monetary policy minutes at 11:30 GMT.
- Canada: May trade numbers will be reported at 12:30 GMT, along with building permits for the same month.
