and also crypto prices higher. specifically, i think two factors actually drive these two classes. the first one is liquidity and the second one is the us dollar. now, let s talk about liquidity i think in the past few weeks we have seen actually easing from china, and also from the us, the fed has been injecting liquidity through running down its overnight repo facility. also, from a seasonality perspective, november, december tends to be actually quite favourable in terms of financial conditions. indeed, the rally in bonds or the fall of interest rates have helped also financial conditions to ease in the past few weeks. hence, we have seen a surge in liquidity in the system and that propels both gold and crypto currencies higher. the next reason is the us dollar. now, of course, both gold and crypto currencies are denominated in us dollars and when the us dollars become weaker, that is actually a tailwind for both asset classes. obviously, as we mentioned, given that the
factors actually drive these two classes. the first one is liquidity and the second one is the us dollar. let s talk about liquidity, i think in the past few weeks we have seen actually easing from china and also from the us. the fed has been injecting liquidity through overnight repo facility. also from a seasonality perspective. november, december tends to be quite favourable in terms of financial conditions. the rally in bonds and the fall of interest rates has helped also financial conditions to ease in the past few weeks. hence we have seen a surge in the liquidity and the system and that propels both gold and crypto currency higher. the next reason is the us dollar. both gold and crypto currencies are denominated in us dollars and when the us dollar becomes weaker, that is actually a tailwind for both asset classes. as we mentioned, given the market is now pricing in increasingly probabilities of cut starting as early as april next year, us dollar has been weakening ver
Figures. Low cloud lingers through the afternoon, five or six. Hello, this is bbc news with me martine croxall. The headlines at 8 30pm President Obama has authorised sanctions against russia over alleged interference in the recent us president ial election. Hes also expelling 35 Russian Diplomats from the states in response to claims of a campaign of harassment of american officials in moscow. Russia has announced a ceasefire between the Syrian Government and rebel groups which will begin at midnight tonight. Several of the most important ones are reported to have signed up. Translation the first document is about a ceasefire on the territory of the syrian arab republic. The second document is a set of measures for monitoring the ceasefire and the third document is a statement about readiness to start peace talks. The head of the Royal College of gps has warned that patients could be waiting more than a month to see a doctor this winter. The government says its investing an extra £21
Figures. Low cloud lingers through the afternoon, five or six. Hello, this is bbc news with me martine croxall. The headlines at 8 30pm President Obama has authorised sanctions against russia over alleged interference in the recent us president ial election. Hes also expelling 35 Russian Diplomats from the states in response to claims of a campaign of harassment of american officials in moscow. Russia has announced a ceasefire between the Syrian Government and rebel groups which will begin at midnight tonight. Several of the most important ones are reported to have signed up. Translation the first document is about a ceasefire on the territory of the syrian arab republic. The second document is a set of measures for monitoring the ceasefire and the third document is a statement about readiness to start peace talks. The head of the Royal College of gps has warned that patients could be waiting more than a month to see a doctor this winter. The government says its investing an extra £21