USD/JPY to 120 looks like the target this year – ING
ING notes that: “The Bank of Japan is now garnering much more focus than it has in years. Most pressing is the replacement of Governor Haruhiko Kuroda, who leaves in April. A successor will be presented to parliament on 10 February. The favourite, Deputy Governor Masayoshi Amamiya, is seen as the dovish continuity candidate.” “Any […]
EURUSD reaches downside target swing area
EURUSD falls to the low from earlier this week/swing area The EURUSD EUR/USD The EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair’s rate indicates how many euros are needed in order to purchase […]
“Key panel urges BOJ to make 2% inflation target long-term goal”
ICYMI, a Reuters report with further detail on the news from yesterday: Under strong political pressure to beat deflation, the BOJ signed a policy accord with the government in 2013 and committed to achieving 2% inflation “at the earliest date possible.” The Reuters report is here: Bank of Japan Governor Kuroda will be leaving the […]
Goldman Sachs raise China equity index target, ‘reopening’ evolves into ‘growth recovery’
Goldman Sachs target China’s CSI300 to 4800 had previously set their target at 4500 GS says China is evolving from “reopening” to a wider “growth recovery” theme — UBS also, says “we continue to hold a positive view on the China market”, citing: herd immunity occurring faster than expected undemanding valuations policy support likely to […]
China’s GDP growth rate well shy of the official target in 2022
On Tuesday morning, the Shanghai Composite Index and Hong Kong’s Hang Seng fell as data published by the Chinese National Bureau of Statistics showed that the country’s Gross Domestic Product (GDP) grew by 3% in 2022, recording one of the slowest growth rates in the last decades. Commenting on China’s GDP growth, Goldman Sachs analysts […]
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 […]
Next target now comes at 1.2270 – UOB
In the opinion of UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, GBP/USD’s upside could retarget the 1.2270 area in the short term. Key Quotes 24-hour view: “We highlighted last Friday that ‘there is room for the weakness in GBP to extend to 1.1850 before stabilization is likely’. While GBP subsequently […]
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