☆ To be determined, OPEC will release monthly crude oil market report. ☆ To be determined, the EU Energy Minister will hold a special meeting. ☆ At 15:00, Germany announced the final monthly rate of CPI in November. ☆ At 18:00, the ZEW economic climate index of Germany and the euro area was released in December. ☆ At 21:30, the US announced the quarterly adjusted CPI annual rate in November, the quarterly adjusted CPI monthly rate in November, and the quarterly adjusted core CPI annual rate in N
The week ahead: Dollar awaits key US data
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On Monday (December 12, Beijing time), during the Asian European session, spot gold fell in shock. At present, the trading volume is near 1787.05 US dollars/ounce, which was hit by the rebound of the US dollar. This week, the market focused on the US November CPI data and the US Federal Reserve's interest rate resolution. On Friday, the US PPI data was stronger than expected, and the market's fear of US inflation rose, providing support for the US dollar. Of course, this week's ECB interest rate
Candlestick charts are used by traders to determine possible price movement based on past patterns. As a trader, you may already be familiar with candlesticks. This is one way that many traders use to see various kinds of data about assets.
The Chilean Peso (CLP) is the official currency of Chile. The symbol for the Peso is $
Analysis of the previous World Cups shows that trading volume drops substantially in the country that has a team playing at the time. The average is 55% of trading in a particular country will drop off as traders presumably watch the game.
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【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
☆ 15:00 The UK announced the monthly GDP rate in October, the monthly manufacturing output rate in October, the quarterly adjusted commodity trade account in October, and the monthly industrial output rate in October. ☆ EU sources said that EU foreign ministers planned to approve new sanctions against Russia and Iran at the meeting on December 12.
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On Friday, December 9, Beijing time, during the Asian and European session, spot gold shocks up, and is currently trading near $ 1795 per ounce. Market concerns about the lingering U.S. recession dragged the dollar down, approaching support for more than five-month lows, providing support for gold prices. Market expectations that the Federal Reserve will slow down some of its interest rate hikes also helped the bulls. However ……
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
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European stock markets are expected to trade mixed on Thursday, with investors concerned about the state of the global economy ahead of a key central bank meeting next week.
EUROPEAN EQUITIES HEAD FOR THE FOURTH CONSECUTIVE NEGATIVE DAY AHEAD OF THE US OPENING BELL; INVESTORS SHIFT INTO WAIT-AND-SEE MODE AHEAD OF THE NEXT CRUCIAL WEEK; THE BOC RAISED INTEREST RATE AS EXPECTED.
The following is a brief review of the day's events as reported.
The global economy is teetering on a cliff’s edge, as market indicators are flashing warning signals that we are heading toward a recession sooner than expected. An updated report by Ned Davis reveals some sobering historical context, showing that a global recession is 98% likely. The harsh reality is that every single person will suffer from the effects of a recession, and you can already feel the inflationary pressure as interest rates and consumer prices rise globally.
☆ 09:30 China publishes annual rate of CPI for November. ☆ 21:30 U.S. publishes annual rate and month rate of PPI for November. ☆23:00 U.S. releases one-year inflation rate expectations for December and preliminary of University of Michigan Consumer Confidence Index for December. ☆ The following day 02:00 U.S. releases total number of oil wells drilled for the week to Dec. 9. ☆ Next day 04:30 U.S. Commodity Futures Trading Commission publishes its weekly COT Report.
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