Other news

The dollar is seeing a decline on Friday. The Fed may slow the pace of interest rate hikes, and that keeps investors optimistic.

Many European Central Bank (ECB) officials have spoken out against sharp interest rate hikes. However, Isabel Schnabel, a member of the ECB's board member, has a different opinion from her colleagues on the issue. She stressed that smaller hikes wouldn’t help to curb inflation.

In November, the core consumer prices in Tokyo showed the fastest annual growth rate in 40 years. They have overcome the 2% indicator of the central bank for the sixth month in a row. This situation indicates heightened inflationary pressure.

Introduction of a price cap for Russian oil discussion by the G7 and the European Union diplomats support the prices of black gold.

Economic Calendar Events for November 25, 2022.

According to information from insiders, the Venezuelan government and members of the opposition agreed to return to talks this weekend.

The value of gold on Thursday exceeded key levels amid the dollar’s weakening. The minutes from the latest meeting of the Federal Reserve indicated a growing number of members who support a slower pace of increasing interest rates.

Diplomats from the European Union failed to reach a consensus on a Russian oil price cap.

German Economy Minister Robert Habeck said that the country has no intention to prevent the European Union (EU) from resolving the energy crisis in the region.

The People's Bank of China (PBOC) is expected to stop pursuing easing monetary policy as inflation concerns have risen significantly. For this reason, expectations of bulls counting on China's bond growth due to the easing policy are likely to fail.