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.
On Friday, gold prices began to stabilize. Previously, the yellow metal was losing ground significantly amid growing recession risks and expectations of higher interest rate peaks by some leading central banks.
The focus is on speculative positions in gold and silver.
On the agenda are data on rigs from Baker Hughes and speculative positions on oil and gas.
On the agenda are the decision of the Central Bank of Russia on the interest rate, inflation in the Eurozone, the business climate and retail sales of the UK, the unemployment rate of Sweden and the trade balance of Singapore.
On Wednesday, the dollar rate changed after the speech of the head of the Fed Jerome Powell. According to the Fed’s forecasts, in 2023, the borrowing costs will increase at least by 75 basis points.
Last month, Japan’s trade balance deficit decreased less than it was expected. The impact of a weaker yen has extended to the country’s imports. In November, the actual deficit was 2.03 trillion yen.
At the moment, there are significant contradictions in the assessment of the U.S. Federal Reserve (Fed) actions. On the one hand, Fed’s Chair Jerome Powell is talking about further raising interest rates and fighting inflation.
The Swiss National Bank raised its policy rate by 50 basis points on Thursday. It is the third increase this year in terms of curbing inflation. Interest rates in Switzerland are at their highest level since the global financial crisis 14 years ago.
As expected, the European Central Bank is going to increase its rates once again on Thursday. This would become the fourth successive hike, although in December a smaller increase is suggested to be delivered.
Australia’s officials decided to cap its domestic gas price, even with energy exporters speaking out against the new law. Such measures are aimed at bringing down rising power bills.