AUD / USD fell below 0.7250 in recent trading as lower stocks / and Australian Omicron concerns hurt the Aussie. Short-term economic weakness as a result of Ómicron may be enough to deter the RBA from eliminating QE in February. The widespread risk aversion that has seen global equity markets tumble for a second day […]
Tag: Economic Health
The World Bank expects global growth of 5.7% in 2021 and 4.4% in 2022
The President of the World Bank, David Malpasssaid Monday they expect a global economic growth of 5.7% in 2021 and 4.4% in 2022, as reported by Reuters. Featured statements “The world is seeing tragic development setbacks, with progress in reducing extreme poverty dwindling over the years due to the pandemic.” “We are looking for ways […]
The OECD cuts its world growth forecast to 5.7% by 2021 from the 5.8% forecast in May
In an update on its economic outlook, the Organization for Economic Cooperation and Development (OECD) cut its global growth forecast to 5.7% by 2021 on Tuesday from 5.8% in May. Highlights of the release: The entity has also cut the forecast for the UK to 6.7% in 2021 (compared to 7.2% in May) and 5.2% […]
USD / JPY struggles to find direction, sideways below 109.50 ahead of US data.
USD / JPY drew some buying in the dips on Thursday, although it lacked tracking. Japan cuts the economic view for the first time in four months and weighed on the JPY. A strong recovery in USD demand extended some support ahead of the US data. The pair USD/JPY it balanced between tepid gains / […]
The economic outlook has improved, but the risks to the recovery remain
The Bank of England (BoE) published its semi-annual financial stability report on Tuesday. Here are some of the highlights: FPC expects to keep the UK CCYB rate at 0% until at least December 2021. The rate of return to a standard UK CCYB rate in the region of 2% will depend on the bank’s ability […]
EUR / GBP returns initial gains and retreats near 0.8550
EUR / GBP is struggling to hold onto its modest initial gains at multi-day highs. Optimism about the reopening of the UK economy underpins the GBP. Euro bulls remain on the defensive after EU economic forecasts. The crossing EUR / GBP has rapidly retraced around 20 pips from three-day highs touched earlier in the day […]
WTI remains stable near $ 69.50, the highest level since October 2018
WTI drew some buying in the dips on Monday and turned positive for the sixth straight session. Expectations of rising demand for fuel continued to support the ongoing strong bull run. Crude oil WTI It reversed an intraday decline to the $ 68.80-75 region and gradually retreated closer to the highest level since October 2018 […]
GBP / USD steadily rises to new session highs, around the 1.4170-75 area
GBP / USD drew some buying on the dips on Monday and turned positive for the second day in a row. The rally lacked an obvious catalyst and is likely to remain limited amid modest USD strength. Sustained strength is needed beyond 1.4200 to support the prospects for additional earnings. The pair GBP/USD it managed […]
EUR / GBP clings to modest gains near the 0.8600 level but lacks continuation
EUR / GBP gains some positive traction on Monday and breaks a three-day losing streak. Nervousness about Brexit acts as a headwind for the British pound and continues to support the bullish movement of the pair. A modest USD strength and weaker German data weigh on the euro and limit further gains from the EUR […]
GBP / USD rallies to new session highs after NFP figures, 1.4200 level back in sight
GBP / USD witnessed a dramatic intraday turnaround on Friday and reversed losses overnight. Intraday buying accelerated in reaction to a rather unimpressive monthly employment report in the US. Sustained strength beyond the 1.4200 mark will now be seen as a new trigger for bull traders. The pair GBP/USD caught some aggressive offers during the […]