• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
December 14 - According to the Japan Meteorological Agency, a magnitude 4.9 earthquake struck off the coast of the Noto Peninsula, Japan, at approximately 11:26 PM local time on December 14, with a depth of 10 kilometers. There is no risk of a tsunami.On December 14th, the Financial Times analysis pointed out that given ECB President Christine Lagardes view that the bank is in "good shape," investors unanimously expect the ECB to keep its benchmark interest rate unchanged at 2% next week, instead focusing on its economic forecasts. Lagarde stated this week that ratemakers may again raise their growth forecasts for the Eurozone at their meeting. These stronger growth forecasts, along with persistent inflation, have recently led traders to increase their bets on an ECB rate hike next year. However, as the potential shift in monetary policy direction remains controversial, and this change has only recently been reflected in swap market pricing, traders will pay particular attention to clues about the timing of rate hikes; any adjustments to policy signals are expected to be subtle. George Moran, a Eurozone economist at RBC Capital Markets, said he expects the ECB not to raise rates in 2026 because "cyclical tailwinds are likely temporary." He added that the ECB has "made it clear that it does not want to overreact to temporary deviations from its targets."On December 14th, according to the Ukrainian National News Agency, Ukrainian President Volodymyr Zelenskyy told the media that he had informed members of the Verkhovna Rada (parliament) to prepare contingency plans for a possible election soon. Zelenskyy said, "Most importantly, I will not cling to the presidency. I believe Ukraine should be prepared for any changes." He said he had asked partners for help in resolving election security issues, and he had also informed Verkhovna Rada members to prepare contingency plans for a possible election soon. Zelenskyy said he had received "signals" from the United States and President Trump regarding the Ukrainian presidential election, adding, "Whether these signals come only from the United States or also from Russia, I do not want to comment at this time."The Russian Ministry of Defense stated that it shot down 40 Ukrainian drones in several regions of Russia.Kuwaiti Oil Minister: We are looking for partners for the petrochemical project in Duqm, Oman, but if no investors are found, we are ready to work with Oman to advance the project.

Forecasts for the price of gold: XAU/USD remains below $1,800 despite worries about the economy and optimism in China

Alina Haynes

Dec 07, 2022 14:52

 181.png

 

The current difficulty of the yellow metal to find direction increased as China's trade surplus decreased in November as both imports and exports fell during the aforementioned month. The gradual increase in US Treasury yields amid worries of a global economic downturn is on the same track.

 

It's important to note that numerous eminent business leaders and bank executives have recently expressed concern about a possible worldwide recession. Bloomberg Economics made comments along the same lines.

 

However, the gold price appears to be supported by China's willingness to announce responsible fiscal and monetary measures as well as indications that the three-year-old Zero-Covid policy may be progressively abandoned.

 

US stock futures post modest gains amid these plays, but stocks in the Asia-Pacific region trade in a mixed bag. However, during the pre-FOMC blackout, hawkish bets on the Fed's upcoming action were not supported by US inflation predictions.

 

Ahead of Thursday's China inflation data and Friday's preliminary US Michigan Consumer Sentiment Index readings, gold traders may find some amusement in China's probable risk-positive statements and secondary data.