More favourable China’s economic prospects after abandoning zero-Covid policy – Rabobank
On the 7th of December China surprised friend and foe with an abrupt zero-covid U-turn. This year’s forecast has considerable up- and downside risks. Still, economists at Rabobank believe that from a medium-term perspective, China’s economic prospects have become more favourable after abandoning zero-Covid policy. A pivotal pivot? “While from a long-term perspective China’s decision […]
Egypt’s soaring prices drive home economic pain By Reuters
5/5 © Reuters. FILE PHOTO: An Egyptian seller waits for customers to buy consumer goods, rice and oil at a popular market in Cairo, Egypt, January 18, 2023. REUTERS/Hadeer Mahmoud 2/5 By Mariam Rizk CAIRO (Reuters) – In better times, Om Mohamed’s family used to take holidays at resorts on Egypt’s Red Sea coast. Now […]
XAU/USD Eyes U.S. Economic Data for Guidance
GOLD ANALYSIS & TALKING POINTS Gold in the green ahead of U.S. economic releases, USD on offer. Golden cross losing steam? Recommended by Warren Venketas Get Your Free Gold Forecast XAU/USD FUNDAMENTAL BACKDROP Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter […]
Economic development situation in 2023 is still complicated
China’s National Development and Reform Commission of the People’s Republic of China (NDRC), the country’s ‘state planner’ said in a statement on Wednesday, “the economic development situation in 2023 is still complicated.” Additional quotes “The external environment is turbulent.” “Pressure on China’s economy is still large.” “Confident and capable of promoting the continuous recovery and […]
Economic calendar for the week 16.01.2023 – 22.01.2023
2023.01.17 2023.01.17 Economic calendar for the week 16.01.2023 – 22.01.2023 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Review of the main events of the Forex economic calendar for the next trading week (16.01.2023 – 22.01.2023) Despite Friday’s correction, the dollar ended the week in negative territory, with its DXY index losing more than 1.5% and ending up even closer to […]
German ZEW Economic Sentiment Index rebounds to 16.9 in January vs. -15.5 expected
Economic sentiment in Germany and the Eurozone unexpectedly turned positive in January. EUR/USD remains unimpressed by the upbeat ZEW surveys, keeping its range around 1.0815. The German ZEW headline numbers showed that the Economic Sentiment Index returned to positive territory, arriving at 16.9 in January from -23.3 in December, beating the market expectation of -15.5. […]
Heads up for a barrage of Chinese economic data due on Tuesday, 17 January 2023 – preview
China heads off on a week-long holiday at the end of this week for Lunar New Year, welcoming in the Year of the Rabbit. Let’s see if any of this data pulls a rabbit from the hat: This snapshot from the ForexLive economic data calendar, access it here. The times in the left-most column are […]
Headline inflation expected to fall to 2% target in 2H 2025 – ECB economic bulletin
> Headline inflation expected to fall to 2% target in 2H 2025 – ECB economic bulletin The ECB releases its economic bulletin for December Justin Low Thursday, 12/01/2023 | 09:15 GMT-0 12/01/2023 | 09:15 GMT-0 Inflation is expected to decline from an average of 8.4% in 2022 to 6.3% in 2023 Inflation is then expected […]
EUR/USD: upcoming events of the economic calendar and prospects – Analytics & Forecasts – 11 January 2023
Today’s economic calendar does not contain any significant publications, and, most likely, the same dynamics of the market and the dollar will continue in the American trading session. Tomorrow, volatility in the market, and especially in quotes of Asian and commodity currencies, will increase immediately at the beginning of the trading day, when important macro […]
No comments on current US economic or monetary policy from Powell in Sweden
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