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German Geoscience Research Center GFZ: A 6.1 magnitude earthquake occurred in Türkiye.Fitch: North American infrastructure projects face challenges from rising costs.Market news: Nvidia (NVDA.O) and Deutsche Telekom plan to build a data center worth 1 billion euros in Germany.On October 28th, the Federal Reserves Policy Committee was expected to take two decisively dovish actions on Wednesday: a 25 basis point rate cut and a signal of further easing, while also announcing the end of its balance sheet reduction program (a move that could put downward pressure on Treasury yields). Derek Tang, an analyst at Fed watcher LHMeyer, noted, "The dual actions of a rate cut (coupled with expectations of subsequent easing) and an early halt to the balance sheet reduction program will significantly support market risk appetite." He added that while the decision to end the balance sheet reduction this week remains uncertain, the recent tightening of financing markets has significantly increased the likelihood of such a decision.According to the Financial Times on October 28, under new rules to be announced by the UK Financial Conduct Authority on Tuesday, traders shorting UK-listed companies will no longer need to publicly disclose their identities. The regulator is expected to adopt an anonymous aggregation system, publishing only the total amount of short positions held against each company. This rule change stems from the UKs departure from the EU regulatory framework after Brexit. While the EU previously required public disclosure of short positions exceeding 0.5% of a companys equity, the new UK rules will align with the US regulatory system, which only requires the disclosure of the total amount of short positions without disclosing the specific holders. The FCA also plans to relax the threshold for short sellers to report their positions to the regulator, raising it from 0.1% of equity to 0.2%. This change is seen as a response to the governments call to enhance the UKs economic competitiveness and is expected to be welcomed by the hedge fund community. However, the reduced regulatory transparency has also raised market concerns.

Gold Price Prediction - Prices Consolidate Over Juneteenth

Daniel Rogers

Jun 21, 2022 11:19

 截屏2022-06-15 下午4.05.18_1024x576.png

 

Gold prices moved sideways. Because of the Juneteenth holiday, the bond and commodities futures markets were closed, which caused the dollar to weaken. Given the large number of rate rises currently built into the interest rate futures market, the yellow metal's movement will be reliant on the dollar.

 

Gold is valued in dollars, and the lack of movement in the greenback resulted to a directionless yellow metal. The most important news last week seems to be central bank action.

 

Japan's central bank bought a record amount of Japanese government bonds this week to preserve its 0.25 percent restriction on the 10-year note, despite rate increases from both the Swiss and British banks. With the purchase of 81 billion dollars' worth of new bonds, the BOJ provided a stimulant to the Japanese economy.

 

The Swiss National Bank boosted interest rates by 50 basis points, driving the Franc up by 2 percent against the greenback.

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