Busy central bank week to offer high volatility | BDSwiss Weekly Market Outlook

-UK home prices After a slight increase in home prices in the UK, according to the online selling portal Rightmove, UK price have now shown another drop of 1.9% in December. In general prices for this last month of the year have been weaker, but the current drop marks a sharper decrease compared to the recent 20-year average. Another report, which represents lending from banks for house purchases shows a fall of 8% to GBP, 120 billion. In general the reports show that prices are likely going to decrease in 2023. The GBP is currently losing steam again, as prices are falling not only against the USD but also heavily against the JPY. -Stock prices The S&P 500 might hit a record high as a survey among market participants reveals. Most of the 518 respondents, claim that the index is likely going to climb, with a general expectation that the Standard & Poor’s index will rise to 4808 points next year. The highest price point was 4797 points and has been hit in January 2022. Currently technical indicators point to further increases as the month of November has shown a sharp increase and the current price is also trading beyond the highs from July this year, which was at 4611 points. -Market talk With several important news on the horizon this week, market participants should also expect more volatility in the coming days. The interest rate decision from the Fed, Bank of England as well as the European Central bank are likely going to add volatility to markets, whereas no changes to rates are being expected currently. Furthermore, yields are slightly on the rise again, which could also affect the risk sentiment of participants. Also the US-Dollar looks set to rise further, which could change the positive risk sentiment in equities, causing markets to face a correction. Check the UPCOMING WEBINARS here: • Download the BDSwiss iOS app: • Download the BDSwiss Android app: • Join our Telegram Channel: • Like us on Facebook: • Follow us on Twitter: • Follow us on LinkedIn: • Follow us on Instagram: • Subscribe to our Channel: Your capital is at risk. T&Cs apply.