FxWirePro: Daily Commodity Tracker - 21st March, 2022 
South Korea’s KOSPI Plunges as Samsung, AI Chip Stocks Trigger Market Sell-Off 
Japan Defense Stocks Rally on Report of New Defense Ministry Bureau for Global Cooperation 
Gold Price Drops as Strong Dollar and Fed Rate Outlook Weigh on Bullion 
Iran Begins Oil Sale Talks With Japan Under U.S. Sanctions Waiver Amid Shipping Risks 
RBNZ Raises Interest Rates to 2.50%, Signals More Tightening as Inflation Risks Persist 
Gold Price Rises as Softer Dollar and Fed Rate Expectations Boost Bullion Demand 
Oil and LNG Tankers Turn Back as Strait of Hormuz Security Risks Escalate 
Iran Targets U.S. Bases in Bahrain, Kuwait as Hormuz Conflict Escalates and Oil Prices Jump 
Oil Prices Rise as Strait of Hormuz Risks Offset OPEC+ Supply Increase 
It’s Monday and as usual, not many economic dockets scheduled for today and all with low to medium risks associated.
Data released so far:
- Japan: Industrial production grew by 1.3 percent in August, up 4.5 percent from a year ago.
Upcoming:
- Italy: Industrial production data for August will be reported at 8:00 GMT.
- Eurozone: CPI inflation stat for September will be released at 8:30 GMT. ECB President Mario Draghi will speak at 17:35 GMT.
- Germany: Bundesbank will release its monthly report at 10:00 GMT.
- United States: New York Empire State manufacturing index is scheduled for release at 12:30 GMT, followed by Industrial production at 13:15 GMT.
- United Kingdom: CB leading economic index for September will be published at 13:30 GMT.
- New Zealand: CPI inflation for the third quarter will be released at 22:45 GMT.
