Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026 
Japan Defense Stocks Rally on Report of New Defense Ministry Bureau for Global Cooperation 
RBNZ Raises Interest Rates to 2.50%, Signals More Tightening as Inflation Risks Persist 
Oil Prices Jump as Middle East Tensions Shake Markets, AI Rally Loses Steam 
European Stocks Hold Steady as Consumer Shares Rise, AI Tech Selloff Weighs on Markets 
Cuba Power Outage Sparks Havana Protests as Fuel Crisis Deepens 
Oil Prices Slip as OPEC+ Boosts August Output, Oversupply Concerns Weigh on Crude Market 
China 618 Smartphone Sales Drop 13% as Higher Prices Hurt Demand, Huawei Gains Market Share 
Not many economic dockets scheduled for today and all with low to medium risks associated.
Data released so far:
- Australia: Building permits declined by 1.8 percent in August, up 10.1 percent from a year ago. ANZ job advertisement for September declined by 0.3 percent. RBA kept the interest rate on hold at 1.5 percent.
Upcoming:
- Japan: Consumer confidence data for September will be released at 5:00 GMT.
- Spain: Unemployment change for September will be reported at 7:00 GMT.
- United Kingdom: Markit construction PMI will be published at 8:30 GMT. BRC shop price index data for September will be reported at 23:00 GMT.
- Eurozone: Producer price index for August will be reported at 9:00 GMT.
- United States: Redbook index will be published at 12:55 GMT, followed by ISM New York index at 13:45 GMT and TIPP economic optimism at 14:00 GMT.
- Australia: AiG performance of services index will be reported at 22:30 GMT.
- Auction: US will auction 3 month and 6-month bills at 15:30 GMT and 3-year note at 17:00 GMT.
