FxWirePro: Daily Commodity Tracker - 21st March, 2022 
BOJ Holds Interest Rates Steady, Upgrades Growth and Inflation Outlook for Japan 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Fed Confirms Rate Meeting Schedule Despite Severe Winter Storm in Washington D.C. 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
This week is extremely risk-heavy not just in terms of data but events as well.
What to watch for over the coming days:
- Central Banks:
Reserve Bank of Australia (RBA) will announce interest rate decision on Tuesday. On Wednesday, US Federal Reserve will release minutes of the June meeting, at which the policymakers increased interest rates by 25 basis points and unveiled plans to trim balance sheet.
- Economic data:
Manufacturing and services numbers from across the globe will be released this week. NFP payroll numbers from the US will be released on Friday.
- G20 meeting:
Global leaders of the G20 countries will meet this week for a two-day summit in Hamburg Germany. This will be the first such meeting for the US President Donald Trump who is also set to meet the Russian President Vladimir Putin for the first time on the sidelines of G20. Some leaders would be meeting Trump for the first time since his inauguration.
Along with the above fundamentals, unscheduled Brexit commentaries, happenings in the Middle East, and Korean peninsula are likely to keep influencing the market.
