Reserve Bank of New Zealand Deputy Governor Geoff Bascand said on Monday that while longer-term inflation expectations in the country remain well anchored, short-term inflation expectations have increased. Key Comments:“The RBNZ will take considered steps for now.”“Predicts unemployment rate to drift up to about 4%.”“More confident that the labour market …
Read More »Seven Major Banks Forecast RBA’s Meeting
The Reserve Bank of Australia is having a monetary policy meeting and will announce the resulting decision on Tuesday, December 7. Economists and researchers of seven major banks have focused on the potential outcomes from central bank’s meeting. Policymakers are expected to hold their fire and keep the current policy …
Read More »ECB’s Holzman: Eurozone Inflation Not To Drop in 2022
European Central Bank governing council member Robert Holzmann said on Monday that inflation in the Eurozone would unlikely fall below 2.0% in 2022, according to Reuters citing Handelsblatt. Holzmann added that inflation is set to reach its peak sometime around the turn of the year. Holzmann said that the ECB …
Read More »Dubai TV Interview, Dec 6, 2021
Speaking on Dubai TV, Monday, Mohamed Hashad, Director of Research and Development at Noor Capital and member of the American Association of Professional Technical Analysts shed light on a number of developments in the markets this week Firstly, on the relationship between the Federal Reserve’s decision and Omicron strain, and …
Read More »Gold declines as tapering remains in focus
Gold futures traded modestly lower on Monday, as a pickup in Treasury yields and the US dollar helped to dull appetite for the precious metal, which has been held in check by uncertainties about the spread of omicron and Federal Reserve policies.The most active February delivery gold contract GCG22, -0.16% …
Read More »Gold Prices Fall With Renewed Risk Appetite And The Rise of The Dollar
Gold prices fell Monday, December 6, as appetite for less safe assets improved and the dollar rose on uncertainty over Omicron ahead of US inflation data this week. The dollar rose, making gold less attractive to holders of other currencies, while US 10-year bond yields made up for their losses. …
Read More »The Turkish Lira Fell to Its Lowest Level
The Turkish lira fell 0.7% against the US dollar to return to its lowest levels, affected by continuing concerns about the monetary easing policies of the Central Bank, despite the increase in the inflation rate by more than 21%. The Turkish lira recorded 13.85 to the dollar by 06:17 GMT, …
Read More »Weekly Recap 29 Nov. – 3 Dec.
America and Germany decided to adopt stricter restrictions to circumvent COVID-19 on Thursday, away Austria, there are tailored or modified lockdowns elsewhere all over the globe to combat the emergence of the new Omicron strain. Such measures provoked turmoil across financial markets, lest it could ignite severe global economic slowdown …
Read More »Why Next Speech By BoE’s Broadbent Does Matter
A significant event on Monday will be the speech by the Bank of England’s Ben Broadbent, this will be Broadbent last public appearance prior to the anticipated rate decision in the following week.Investors believe it is reasonable to expect rate hikes from 0.10% to 0.25% on December 16, but uncertainty …
Read More »Market Drivers – US Session – 3-12-2021
US President Joe Biden said on Friday that price pressures would ease as the global economy improves.“Gasoline price drops are beginning to reach Americans and this should pick up, he added, saying that China might also decide to release more oil, though it has not done so just yet.Managing Director …
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