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Gold faced resistance at $1780 and temporarily retreats

On Thursday gold prices fell from the key resistance level due to the decreasing demand for the metal as a safe amid waning fears over intensifying conflict in Eastern Europe.

17 November 2022
U.S. retail sales data and Fed’s hawkish speakers provide support for dollar

The updated U.S. data was published on Tuesday, and its figures disclosed a fact that lower levels of consumer price inflation from the previous week weren’t a one-shot.

17 November 2022
Dalio is warning about possible aftermath of “more intense” tensions between China and the U.S.

American billionaire investor and hedge fund manager Ray Dalio spoke out on the current relationship between the United States and China.

16 November 2022
ECB to keep raising interest rates, Holzmann says

On Tuesday, Robert Holzmann said that the ECB will continue to raise interest rates.

16 November 2022
Harker at the FRS expects a slowdown of rate rises in the coming months

Patrick Harker, president of the Federal Reserve Bank of Philadelphia, said that his expectation for officials is to slow the pace of interest rate rises.

16 November 2022
Rising U.S. mortgage rates could cut home prices by 20%

The Federal Reserve Bank of Dallas has released a study saying that U.S. home prices are likely to decline by 20% due to a sudden and quite tangible increase in mortgage rates.

16 November 2022
Home Depot claims that customers are resistant to inflation

Home Depot Inc. revenues and profits have exceeded expectations due to home improvement projects that accumulated during the pandemic.

16 November 2022
Head of China’s PBOC considered the negotiation with Yellen as constructive

According to the governor of the Chinese central bank Yi Gang, the negotiations with the US Treasury Secretary Janet Yellen on Wednesday were very constructive. They took place sometime after the heads of the United States and China met to reset relationships.

16 November 2022
Wage levels in Australia reach a record growth due to high inflation

The Reserve Bank of Australia (RBA) led by Philip Lowe managed to accelerate wages growth for the first in a long time, while the country’s economy faced record levels of inflation over the last thirty years.

16 November 2022
IMF says Australia should continue to tighten monetary policy

Australia should continue to tighten monetary and fiscal policy to help soften domestic demand and curb inflation expectations, the International Monetary Fund said.

16 November 2022