The National Development and Reform Commission of Chinathe country’s state planner, reiterated Tuesday that “we are committed to keeping the economy within reasonable limits“. Featured Comments Macroeconomic policies must be strong, reasonable and moderate to actively expand demand. Approved 65 fixed asset investment projects totaling 1.028 trillion yuan in January to July. Approved 8 fixed […]
Tag: growth
US: Atlanta Fed GDP for the third quarter rises to 2.5%
According to the Federal Reserve Bank of Atlanta’s GDPNow model, The US economy is expected to grow at an annualized rate of 2.5% in the third quarter, down from 1% in the previous estimate. “Following recent releases from the U.S. Bureau of Labor Statistics and the U.S. Census Bureau, the current forecast for third-quarter real […]
EUR/USD risks falling towards 0.9700 – Morgan Stanley
Morgan Stanley analysts show EUR/USD bearish, projecting a move towards 0.9700. Featured Comments “The regional challenges they keep increasing. The risks of gas shutdown in the eurozone continue to rise, which should weigh on local growth, while Covid-19 policies in Asia they could continue to restrict the recovery…. This should be positive for the dollar. […]
Fed Preview: Powell to be less optimistic about growth prospects – ANZ
Analysts from the Australian and New Zealand (ANZ) banking group “They expect the Fed to hike 75 basis points at their meeting this week.” Featured Statements “Chairman Powell is likely to be less optimistic about growth prospects compared to the June meeting, but this will not change the Fed’s resolve to bring the policy rate […]
Forex Today – Asian Session: Europe in the Eye of the Hurricane
What to watch for on Friday, July 22: On Thursday, the market’s attention turned to the EU, amid a series of events that took place in the Union. The most relevant was the monetary policy decision of the European Central Bank. The ECB raised rates by 50 basis points, the first hike in more than […]
IMF: Germany growth forecast cut to 1.2% for 2022 and 0.8% for 2023
The International Monetary Fund (IMF) announced this Wednesday that it has lowered its growth forecasts for Germany to 1.2% for 2002 and 0.8% for 2023. In its previous forecast, the IMF expected the German economy to grow by 2% in both years. “Uncertainty is very high, with risks to the benchmark growth forecast biased to […]
ECB: Finally a hike – Nordea
According to Jan von Gerich, chief analyst at Nordea, it is likely that the European Central Bank (ECB) kick off your rate hike cycle with a 25 basis point move on Thursday, despite clear signs of weakening growth momentum. The focus will be on the anti-fragmentation tool “With inflation too high and price pressures amplifying, […]
USA: The GDP of the Atlanta Fed for the second quarter decreases to -1.5%.
According to the Federal Reserve Bank of Atlanta’s GDPNow model, the US economy is expected to contract 1.5% in the second quarter, down from the July 8 forecast of -1.2%. “Following recent releases from the US Bureau of Labor Statistics, the US Census Bureau, the Federal Reserve Board of Governors, and the US Treasury Department’s […]
USA: The GDP of the Atlanta Fed for the second quarter stands at -1.9%.
According to the GDPNow model of the Federal Reserve Bank of Atlantathe US economy is expected to contract 1.9% in the second quarter, slightly more than the July 1 forecast of -2.1%. “Following this week’s releases from the Institute for Supply Management, the US Census Bureau, and the US Bureau of Economic Analysis, current forecasts […]
Forex Today – Asian Session: Fears remain the same
What to watch for on Tuesday, July 5: It was a dull start to the week as US markets were closed for the 4th of July holiday. The dollar gained some strength late in the day, but action was limited as traders stayed away from their desks. Asian stocks posted modest gains, but European indices […]