🔵 Here are the most important developments:

• At dawn on Tuesday, the Australian Central Bank kept the interest rate as it is at 4.35%.

⬅️ The Australian Central Bank gave signals that it is looking forward to cutting the interest rate in the coming weeks after assurances of a decline in inflation.

• Therefore, we witnessed a decline in the Australian dollar against other currencies.

• In general, the US dollar is still in a better position against currencies such as the euro, franc and pound.

👈 Tomorrow, Wednesday, we will witness an important day awaiting the release of US inflation indicators that will determine whether the Federal Reserve will cut interest or fix it on the 18th of this month.

⬅️ If inflation actually rises as expected to 2.7%, the Federal Reserve may not move to cut it and thus support the rise of the dollar, and vice versa.

⬅️ Also, tomorrow, the Canadian interest rate decision is expected to be reduced by half a point.
#Newsof the world of finance and business

#Silver

Silver prices traded near $32 an ounce on Tuesday, staying close to a one-month high, as Chinese policymakers unveiled plans for additional economic stimulus, boosting demand expectations in the world’s largest consumer of the metal.

💰Silver, along with other precious metals, has benefited from growing expectations that the U.S. Federal Reserve will cut interest rates again this month. Markets are currently pricing in a roughly 90% chance of a 25 basis point rate cut, up sharply from 73% a week ago.

〽️Technically, silver is looking in its current corrective movement for a support level to pivot and rush again, so that the rate fluctuates within the daily trading range between $32 and $31.55 per ounce, so silver is likely to continue the corrective decline to its maximum levels of $31.50 per ounce and then rush again to target resistance levels around $32 and $32.45 per ounce
#الفضه

♦️The pound#sterlingrose to $1.28, near a four-week high, as investors awaited key economic data and central bank meetings.

👈🏻UK data due out next Friday is expected to show a rebound in the economy and a rebound in manufacturing for October.

⏳Interest rate expectations:-

The Bank of England is expected to keep interest rates unchanged at its meeting scheduled for December 19.

🕒Meanwhile, in the United States, markets are bracing for inflation data and have largely priced in a 0.25% rate cut by the Federal Reserve next week. Investors are also focusing on the European Central Bank meeting on Thursday, where a 0.25% rate cut is expected, lowering the ECB's deposit rate to 3%.
#ارتفع British pound
#توقعات Interest rate

🔴 Big week for central bank decisions ahead:

• The European Central Bank, Bank of Canada, Swiss National Bank and Reserve Bank of Australia will announce interest rate decisions.

• The European Central Bank and Swiss National Bank are expected to cut rates by 0.25%, the Bank of Canada by 0.50%, while the Reserve Bank of Australia will leave rates unchanged.

🔴 Business News 🔴
#قرارت European Central Bank
#بنك Canada
#بنك Switzerland
#اسعار Interest