Here is what you need to know on Monday, November 18: Financial markets remain relatively quiet at the beginning of the new week.
The economic calendar will not feature any high-impact macroeconomic data releases on Monday. Market participants will keep a close eye on headlines surrounding geopolitics and pay attention to comments from central bank officials. Boosted by hawkish comments from Federal Reserve officials, including Chairman Jerome Powell, the US Dollar Index gained more than 1.5% in the previous week. The index stays in a consolidation phase above 106.50 in the European morning on Monday.
Gold remained under bearish pressure last week and dropped to its lowest level in nearly two months below $2,540 on Thursday. Following a quiet Friday, XAU/USD gains traction to begin the new week and recovers toward $2,600. Central banks FAQs What does a central bank do? Central Banks have a key mandate which is making sure that there is price stability in a country or region. Economies are constantly facing inflation or deflation when prices for certain goods and services are fluctuating.
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