FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
Canada Signals Delay in US Tariff Deal as Talks Shift to USMCA Review 
Asian Markets Rebound as Tech Rally Lifts Wall Street, Investors Brace for BOJ Rate Hike 
U.S. Stock Futures Slip After CPI-Fueled Rally as Markets Weigh Economic Uncertainty 
New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves 
Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
U.S. Stocks End Week Higher as Tech Rally Offsets Consumer Weakness 
The U.S. Treasuries gained during late afternoon session Monday ahead of the country’s ISM non-manufacturing PMI data for the month of October and the 3-year auction, both scheduled for today by 15:00GMT and 18:00GMT respectively.
The yield on the benchmark 10-year Treasuries slipped 1 basis point to 3.205 percent, the super-long 30-year bond yields remained tad lower at 3.452 percent and the yield on the short-term 2-year traded 1 basis point lower at 2.903 percent by 11:10GMT.
The main focus this week will be the US’ mid-term elections and Thursday’s post-FOMC announcement. Regarding the former, polls indicate that the Democrats will most likely win over the House but that the GOP will retain control of the Senate, Daiwa Capital Markets reported.
As far as the Fed is concerned, given that there is little prospect of an actual change in policy settings, investor interest will centre on the accompanying short statement to see whether there is any sign that recent financial market developments might cause the Fed to refrain from tightening policy at the subsequent December meeting.
The remainder of the economic diary is very sparsely populated, as is typical in a month where the official employment report has been released early. The non-manufacturing ISM and Markit services PMI for October will be released today, followed by the September JOLTS survey tomorrow and September consumer credit on Wednesday, the report added.
Meanwhile, the S&P 500 Futures traded 0.67 percent higher at 2,703.25 by 11:15GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained highly bearish at -67.36 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
