Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Fed Meeting Sparks Division as Markets Brace for Possible Rate Cut 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Lots of economic dockets and events scheduled for today and some with high volatility risks associated.
Data released so far:
- China: Producer price index for July came at -1.7 percent from a year back. Consumer price index came at 1.8 percent in July on yearly basis.
- Australia: National Australia Bank’s business confidence declined to 4 from 6. National Australia Bank’s business conditions declined to 8 from 12.
Upcoming:
- China: FDI data might get released today.
- Switzerland: Unemployment rate for July will be announced at 5:45 GMT.
- Germany: Trade balance for June will be released at 6:00 GMT. Prior -0.4 percent y/y.
- Japan: Machine tools orders for July will be released at 6:00 GMT. Domestic corporate goods price inflation will be reported at 23:50 GMT.
- France: Budget for June will be announced at 6:45 GMT.
- United Kingdom: Industrial and manufacturing production for June along with the trade balance will be announced at 8:30 GMT. NIESR GDP estimate for 3 month to July will be released at 14:00 GMT.
- Greece: Industrial production for June will be reported at 9:00 GMT.
- United States: NFIB business optimism index to be reported at 10:00 GMT, followed by unit labor cost and non-farm productivity at 12:30 GMT and TIPP economic optimism at 14:00 GMT.
- Auction: United States will auction 1 month bill at 15:30 GMT and 3 year note at 17:00 GMT.
