Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Asian Currencies Trade Sideways as Dollar Stabilizes, Yen Weakens Ahead of Japan Election 
Australia’s December Trade Surplus Expands but Falls Short of Expectations 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
US-India Trade Bombshell: Tariffs Slashed to 18% — Rupee Soars, Sensex Explodes 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
As the U.S. economic and foreign policies decouple from the rest of the world (President Trump’s stance on Jerusalem, NATO, Iran nuclear Agreement, Trans-Pacific Partnership, Paris Climate Accord), so do its economy and financial markets. After decades of globalist policies, under president Trump, it has taken a sharp turn towards nationalism and protectionism.
So far, it has been working out fine for the United States. U.S. economic growth hit 4.2 percent last quarter and Fed’s ‘GDP Now’ data shows that it was not a one-time event. The next quarter could be even better. This comes at a time when Europe is still struggling and weakness is visible in many emerging market economies.
Similarly, U.S. financial markets have been decoupling from the rest of the world. So far in 2018, the U.S. benchmark stock index has returned +8.3 percent, whereas India’s nifty has returned +5.1 percent, Nikkei has returned +1.9 percent, Eurostoxx50 has returned -2.3 percent, same as FTSE100, and China’s benchmark CSI300 has returned -17.4 percent. This might seem just another outperformance, the trend is becoming more and more visible. And we believe that it is here to stay.
