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Economy minister of Italy: energy prices reduction cannot be attained by March 2023

According to a statement made on Saturday by Economy Minister of Italy Giancarlo Giorgetti, it’s highly unlikely that energy prices would go down by early spring next year.

19 December 2022
Powell prioritizes U.S. wage increases to fight Fed inflation in 2023

Federal Reserve Chair Jerome Powell is cautiously analysing the cost scale of various services in the labour market. This initiative is driven by the fact that wages can impose particularly large costs on certain services.

19 December 2022
Australia's $130 billion welfare fund bets on keeping inflation steady

According to Australia's sovereign welfare fund, gold and other goods compensate for decreasing yields by asset classes

19 December 2022
NZD rally may end due to doubts about RBNZ's aggressive policy

The New Zealand dollar is up 18% from its October low. New Zealand's currency was boosted by the easing of COVID curbs in China and optimism about the fact that rates are nearing their peak.

19 December 2022
Bank of England to start selling long bonds next quarter

On Friday, the Bank of England (BoE) announced its intention to sell bonds (short-, medium- and long-term) starting from January 9. This measure will be part of the quantitative tightening program. Five auctions are planned for every announced bond’s type.

19 December 2022
Landlords in Great Britain are hit by rate hikes

According to a report by the Telegraph, increasing of interest rates in Great Britain poses risks to 365,000 rental objects.

19 December 2022
Italian economy minister says ECB rate hike worries Rome

Giancarlo Giorgetti, Italy's Minister of Economy and Finance, noted in a statement on Saturday that the possibility of another rate hike by the European Central Bank (ECB) is worrying for heavily indebted states, including Italy.

19 December 2022
Danske Bank: AUDUSD to trade at 0.66 in 3 months and at 0.65 in 6 months

The AUDUSD pair fell sharply on Thursday, then settled slightly lower than 0.67 on Friday. Analysts at Danske Bank predicted that the pair is likely to keep sliding in the coming months. Thus, AUDUSD may reach 0.66 in three months, and then hit 0.65 in half a year.

19 December 2022
ANZ Bank: gold will rise to $1,900 by the end of 2023

According to ANZ Bank economists’ forecasts, the gold price will rise to $1,900 by the end of next year.

19 December 2022
Traders are getting nervous as signs of BOJ pivot start showing

After the start of trading on Monday, the yen rapidly soared, triggered by speculation of a possible Bank of Japan pivot towards a more hawkish attitude.

19 December 2022