Other news

On Tuesday, the API reported that U.S. crude reserves fell more than expected.

On the agenda are the reserves of crude oil and petroleum products, as well as the production of gasoline and distillates.

The focus is on inflation in Canada, the US secondary housing market, the trade balance of New Zealand, public sector lending in the UK and consumer confidence in the US and Germany.

The markets were stunned by the Bank of Japan (BoJ) move away from its ultra-soft monetary policy. Immediately afterwards, the U.S. dollar fell, while the yen soared.

The decision of the last Fed meeting did not provide significant support to the U.S. dollar exchange rate. Commerzbank's economists expect the dollar to struggle in the next few weeks.

The World Bank has lowered China's GDP growth forecast for this year and next year. This change is due to a sharp weakening of measures against COVID-19, as well as the continued vulnerability of the real estate sector.

The Bank of Japan (BOJ) raised a yield cap on 10-year government bonds from 0.25% to 0.5%. The unexpected results of the meeting led to the yen’s strengthening.

Limiting natural gas prices in Europe threatens to lower shipments to the region and intensify the energy crisis. Additionally, the cap will make it difficult for European importers to significantly raise rates in order to secure LNG supplies.

The slump in Australia's real estate market, recorded after the COVID-19 pandemic, is likely to worsen next year. This is due to the need to cover mortgages taken in 2020-21, when interest rates reached their all-time lows.

The U.S. public debt will continue to rise over the next thirty years, reaching a high that could jeopardize the country's economy, according to a new study.