IMF optimism and Eurozone GDP preliminary data in spotlight
The International Monetary Fund (IMF) raised its projection for global growth this year, citing greater-than-anticipated resiliency in economies around the globe and adopting a more positive tone than in its reports from the previous year. The IMF suggests that global growth will reach 2.3%, 0.2% higher than its previous forecast. IMF’s analysts forecast that the […]
Global Flash PMIs, and the Return of Investor Optimism?
At the conclusion of the latest WEF meeting in Davos, many of the leaders there were optimistic that the world would avoid a recession. Or, at least, if there was a recession, it would be short and shallow. A substantial portion of that optimism relied on an expectation that China would rebound, now that it […]
Signs of a Risk-Off in Risk Asset Markets Curb Optimism in EURUSD
The minutes of the December policy meeting of the ECB released today reinforced the hawkish policy stance that the ECB tried to communicate during and after the meeting: the Bank is far from completing the tightening cycle and more rate hikes are necessary.The key takeaways of the December minutes were that “the direction of monetary […]
Optimism Around BoJ Shift Lifts JPY
USD/JPY ANALYSIS All eyes on BoJ with regards to YCC and potential for future interest rate hikes. USD/JPY hits 7-month lows with developing ‘death cross’ possibly hinting at further downside. Recommended by Warren Venketas Get Your Free JPY Forecast JAPANESE YEN FUNDAMENTAL FORECAST: MIXED The Japanese Yen ended last week on the front foot from […]
WTI struggles to extend recovery towards $79.00, optimism remains on softer US inflation
Oil prices have turned sideways after failing to extend recovery to near $80.00. The black gold price has not run out of steam as the US administration is ceasing oil supply to China. Falling US inflation has triggered odds of a slowdown in the pace of the Fed’s policy tightening. West Texas Intermediate (WTI), futures […]
Dollar languishes as Fed rate hike fears recede; China reopening boosts optimism By Reuters
© Reuters. FILE PHOTO: U.S. Dollar and Chinese Yuan banknotes are seen in this illustration picture taken June 14, 2022. REUTERS/Florence Lo/Illustration By Rae Wee SINGAPORE (Reuters) – The U.S. dollar languished near a seven-month low against other major currencies on Tuesday, as investors took heart that the Federal Reserve may be nearing the end […]