The United States has one week before default, and NVIDIA may become the next Tesla. What else drives the market?
Fed Meeting & Press Conference
|The Federal Reserve raised interest rates during its last two December meetings – in 2015 and 2016. This December should be no exception to this trend. The US central bank has been preparing the market for this move for a while.|
|The last time the Fed changed the federal funds rate was in June 2017. That time it raised the rate to 1.25%. The odds of another rate hike in December exceed 90%.|
|The rate statement at 21:00 MT time will be followed by a press conference at 21:30 MT time. The US dollar will likely stay volatile during these events in all currency pairs, especially in USD/JPY and EUR/USD.|
Some progress in US debt ceiling talks is made, and the PMI data is out.
When will the US go bankrupt? Will it start the market crash unseen before? We have plenty to share with you, so let’s get started.
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!