Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
New Zealand’s ANZ Truckometer Heavy Traffic Index fell 0.3 percent m/m in March, to be down 0.7 percent for the quarter. This isn’t a strong signal for GDP growth, but the index has been volatile lately.
On the other hand, the Light Traffic Index bounced 2.2 percent m/m, after a few months of fairly lackluster performance. This index is giving a softer signal for growth from mid-year, but the bounce-back is encouraging.
Meanwhile, the 3- month average of the Light Traffic index has now stabilized but is sending a softer signal for GDP growth mid-year.
"We will keep an eye on this data. The correlation to GDP growth has not been close lately. In addition, annual growth remains strong. However we have seen a marked deceleration in recent months that bears watching," ANZ Research commented in its latest report.
Lastly, FxWirePro has launched Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest
