No change of the indicator value may reduce the volatility of the related markets.
No change of the indicator value may reduce the volatility of the related markets.
As compared to the previous year, wholesale prices in Japan increased by 9.3%, according to November data. The pace of price growth didn’t show any significant changes from October.
Economists at Commerzbank report that US inflation data and/or the Fed and ECB data could support the gold market this week.
HSBC economists believe that the U.S. dollar is likely to rise against the yen. This is due to the Fed’s hawkish stance.
According to data provided by the University of Michigan, consumers are getting more confident in the U.S. economic conditions. The information obtained in the latest consumer survey showed that citizens are now more optimistic about the economy.
According to economists at HSBC, the US dollar will rise amid the holiday season. However, they warn investors that the dollar could lose ground next year.
As the Bureau of Labor Statistics informs, in November, the PPI grew by 7.4% compared with the previous year. This is less than the October increase of 8.1%.
After Russia announced a decrease in production following a price cap on oil exports from the West, and the main pipeline that delivers to the U.S. was closed, oil prices rose on Monday.
Although Brent oil prices fell below the level of $79 per barrel, strategists at Internationale Nederlanden Groep (ING) expect that they will climb to $104 per barrel next year.
On the agenda are UK GDP, the UK's trade balance and production, the state of the budget and US 10-year note auction, as well as Mexico's production.
The BOJ is set to release the results of a quarterly assessment of business conditions in Japan on December 14 at 8:50 a.m. local time (December 13 at 23:50 GMT). It is also slated to report its monthly trade data on December 15. at 8:50 a.m. (December 14 23:50 GMT).