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 […]
EUR/USD: brief results and immediate prospects – Analytics & Forecasts – 13 January 2023
The dollar is totally weakening. The US inflation data published yesterday strengthened the opinion of market participants that the Fed will continue to reduce the pace of interest rate hikes, and at the meeting on January 31 – February 1, it will raise the rate by only 0.25% (after increasing by 0.50% in December and […]
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 […]
Dollar: the immediate prospects – Analytics & Forecasts – 4 January 2023
The focus of traders today is the publication (at 15:00 GMT) of the Institute for Supply Management (ISM) report with the most important indicators reflecting the state of the US manufacturing sector (it is predicted to decrease from 49.0 to 48.5 in December), as well as protocols with December Fed meeting (at 19:00 GMT). The […]