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December 21 – According to sources, another oil tanker has been seized by the United States in waters near Venezuela as President Trump intensifies his oil blockade against the government of Venezuelan President Maduro. The seized tanker, the "Bella 1," is a Panamanian-flagged vessel under U.S. sanctions and was en route to Venezuela to load cargo. This interception follows the seizure of the "Century" supertanker early Saturday morning and the seizure of the "Skipper" tanker on December 10. The White House did not immediately respond to a request for comment.On December 21, local time, the Israel Defense Forces (IDF) issued a statement saying that during operations in northern Gaza that day, several suspicious individuals were spotted gathering near the Yellow Line, the ceasefire line. IDF fired warning shots, but three armed men crossed the Yellow Line and approached IDF forces, posing a "direct threat." IDF airstrikes subsequently killed them. The statement also noted that in two other separate incidents in northern Gaza, IDF forces also discovered two armed men crossing the Yellow Line and approaching soldiers. IDF airstrikes subsequently killed them.On December 21, the French presidential palace stated that it would determine the "best way" for French President Macron to hold dialogue with Russian President Putin "in the coming days." The French presidential palace welcomed Russias statement that Putin was willing to engage in dialogue with Macron, and that France believed the aim of such dialogue was to achieve a "stable and lasting peace," and that the content would be "transparent" to Ukraine and Europe.December 21 - According to a report released by the Indonesian Meteorology, Climatology and Geophysics Agency, a 5.6-magnitude earthquake struck off the coast of North Maluku province, Indonesia, at 19:21 local time on December 21. The epicenter was located at 1.47 degrees north latitude and 126.34 degrees east longitude, with a focal depth of 27 kilometers.December 21 - On December 21, MiniMax, a general artificial intelligence company, published its post-hearing information set prospectus for the first time.

Despite market skepticism and anticipation of Fed Chair Powell's speech, USD/CHF rallied from 0.9200

Alina Haynes

Jan 10, 2023 15:03

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The USD/CHF pair has detected buying activity after dropping close to the round-level support of 0.9200 to begin the Asian session. In spite of the upbeat market sentiment, the Swiss franc extended its rebound above the immediate resistance level of 0.9200.

 

After a corrective move on Monday, S&P500 futures are displaying a mediocre performance as the markets fail to sustain a recovery. Long liquidation was the result of stocks' extended uptrend. The US Dollar Index (DXY) has reestablished its seven-month low at about 102.50, pushed by increased recession fears following a major dip in economic activity and less hawkish monetary policy predictions following a strong drop in wage inflation.

 

As investors' appetite for risk decreases once more, the demand for U.S. government bonds continues to decline. This has contributed to 10-year US Treasury yields exceeding 3.53 percent.

 

Tuesday's highlight will be Federal Reserve (Fed) chairman Jerome Powell's address, which will clarify the monetary policy decision for February. The remarks of Atlanta Fed bank president Raphael Bostic provide investors with a wealth of actionable information. A Fed policymaker forecasts that there will be no recession in CY2023, but has severely reduced GDP projections to 1%. He anticipates that interest rates will have to remain elevated until at least 2024.

 

On the subject of the Swiss currency, the Swiss National Bank (SNB) will be compelled to maintain a modest monetary policy if the Real Retail Sales (Nov) data declines annually. The economic data decreased by 1.3%, when the consensus forecast predicted a 3.0% expansion.


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