Venezuela Nears Deal to Move $4 Billion in Gold to New York Fed 
BOJ Set to Raise Rates to 1.25% as Inflation Risks Build 
Asian Chip Stocks Rally as Treasury Yields Ease 
Bank of England Sees Surge in Higher-Risk Collateral 
RBNZ Raises Interest Rate to 2.75%, Kiwi Dollar Slides 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Yen Extends Gains as BOJ Rate Hike Bets Rise 
Yemen Fighting Threatens Red Sea Oil Routes 
Global Central Banks Brace for More Rate Hikes as Inflation Risks Rise 
Iran Economic Crisis Forces Afghan Families to Return Home 
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Compared to last week, this week is less risk heavy due to lack of high profile events or data. However, there are few events and releases this week, which could add some serious volatility in the market.
What to watch for over the coming days:
- Central banks:
Not many central bankers are scheduled to make news this week, except for the Federal Reserve, which is set to release its November meeting minutes on Wednesday. Recent commentaries from Fed Chair Janet Yellen on last Thursday before Senate Joint Economic committee and a speech by New York Fed President Bill Dudley indicate increased possibility of a rate hike in December. The market is pricing a 100 percent chance of a rate hike in December. So the most important point to look at the minutes – Why 2 policy makers voted to hike rates at November meeting, compared to 3 in September and any hints on the future path of interest rates, beyond the December meeting.
- UK Autumn statement:
The UK’s chancellor of Exchequer Phillip Hammond will deliver the highly anticipated autumn budget statement, where the government is expected to announce some form of fiscal stimulus in response to the referendum vote in June, on Wednesday. Expect heavy volatility in pound based pairs and all other UK assets like Gilts and FTSE stocks.
