035 - Commodity prices rising, Russian banks excluded from SWIFT, US Fed Chair to testify on Capitol Hill, and NFP to wrap up the week

<p>As Friday closed for trading, imposed sanctions seemed underwhelming. This tone changed on Saturday as some Russian Banks were excluded from SWIFT, and the Russian central bank was sanctioned. Geopolitical risks intensify as Russia continues its invasion of Ukraine. Wednesday and Thursday, Fed Chair Jerome Powell testifies before the House Financial Services and Senate Banking Committees. The RBA will announce its cash rate on Tuesday with no change expected, and the BOC is expected to hike by 25bps on Wednesday. The end of the week sees the non-farm employment changes numbers on Friday.</p>