Central Banks Could Buy 20,000 Tonnes of Gold: BofA 
Yen in Focus as BOJ, Fed Rate Hikes Reshape Currency Markets 
Global Central Banks Brace for More Rate Hikes as Inflation Risks Rise 
Japanese Yen Retreats as Dollar Rises Ahead of Fed, BOJ Rate Decisions 
BOJ Flags Import Costs and Yen Shocks as Persistent Inflation Risks 
BOJ Set for Rate Hike as Inflation and Yen Pressure Mount 
RBA Hikes Interest Rate to 4.60% as Inflation Risks Rise 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Trump Demands Powell Resign Over Fed Renovation Cost Overruns 
BlackRock’s Rick Rieder Favors Bonds Over Stocks as Treasury Yields Surge 
Fed Rate Hike Threatens Housing as U.S. Growth Leans on AI, Citi Says 
Add as a preferred source on Google
Dec 13th, 2023, FOMC statement (7:00 pm GMT)
Dec 14th, 2023, SNB monetary policy (8:30 am GMT)
ECB monetary policy statement (1:15 pm GMT)
BOE Monetary policy (12:00 pm GMT)
FOMC-
The Federal Reserve expected to keep policy rates on hold. The main things to watch out for are US Fed updated economic projections and new dot plots. Markets anticipate a 25 bpbs rate cut by Fed in Mar due to easing US inflation.
Levels to watch- US dollar index
Major resistance- 104.35,105
Major support- 103.25,102.40
ECB -
ECB anticipated to keep rates unchanged and rule out any further rate hikes in the near term. Markets predict an aggressive six-quarter rate cut in 2024and any dovish comments from the ECB chairman will drag EURUSD lower to 1.0660.
Major resistance- 1.0820,1.0900
Major support- 1.0720,1.0660
Swiss National Bank (SNB)-
Swiss National Bank will keep borrowing costs steady at 1.75%. According to UBS Group AG economist, SNB expected to cut rates from June 2023 as inflation slowed drastically in Nov 2023.
Major resistance- 0.8865,0.8900
Major support- 0.8660,0.8600
Bank of England (BOE)
BOE to keep rates unchanged at 5.25% with the vote split to be 6-3. Markets anticipate an 80 bpbs rate cut in 2024 with the first cut in August.
Major resistance- 1.2620,1.2725
Major support- 1.2500,1.2470
