In its latest revision, the Organization for Economic Co-operation and Development (OECD) cut the global growth outlook for 2022, in response to the Russia-Ukraine war. The organization, however, sees limited risks of 1970s-style stagflation. The OECD expects a world GDP growth 3.0% in 2022, 2.8% in 2023 (versus 4.5% in 2022 and 3.2% in 2023 […]
Tag: Macroeconomy
World Bank lowers global growth forecast for 2022 to 2.9% from 4.1% in January
The world Bank it lowered its 2022 global growth forecast on Tuesday to 2.9% from its 4.1% estimate published in January, Reuters reported. The World Bank said the Ukraine war will reduce per capita income in developing economies by 5.0% from its pre-COVID-19 trend. World Bank President David Malpass said the risks of stagflationthe russian-ukrainian […]
US: S&P Global Integrated PMI falls more than expected in May to four-month lows
In line with Europeans, US PMIs fall more than expected. Integrated S&P Global PMI at four-month lows. The dollar falls after the economic figures. The S&P Global PMI activity report showed data below expectations in May, according to preliminary figures. The integrated index fell from 56 to 53.8, below the 55.5 market consensus. It is […]
Services ISM unexpectedly falls to 57.1 in April
Services ISM falls in April, contrary to expectations. Indicator of employment of the index goes to negative terrain. The dollar unchanged, pending the Fed. The ISM service sector index showed an unexpected fall in April to 57.1 from 58.3, with a rise to 58.5 expected. The employment index fell to 49.5, moving into contraction territory. […]
Macron wins the French elections with 58.5% of the vote
Emmanuel Macron has defeated his rival Marine Le Pen in the second round of the French presidential elections. The current president has obtained the 58.54% of the votes for his party, La República, compared to the 41.46% achieved by the leader of the extreme right, a historical result although insufficient for the National Front. The […]
Macron wins the first round of the elections with 27.6% of the vote, Le Pen will be his rival after getting 23.4%
The current president of France Emmanuel Macron has emerged victorious from the first round of the electionss French carried out this Sunday. The leader has achieved 27.6% of the votes. In the second round she will face the candidate of the National Association, Marine Le Penwho has obtained the 23.41% of electoral support, the best […]
AUD/USD still struggling at 0.7500, pulls back on NFP figures and USD strength
AUD/USD fails to recapture the 0.7500 mark for the seventh consecutive trading day. Mixed macro data out of the US was no excuse for the dollar to rally against most G8 currencies. AUD/USD Price Forecast: The pair broke above the 0.7500 mark, exposing AUD/USD to bearish pressure. The AUD/USD barely advances during the American session […]
Dollar Extends Rebound, Spotlight on EU Inflation and US Jobs Data.
This is what you need to know to trade today friday april 1: The negative shift seen in risk sentiment amid rising geopolitical tensions helped the greenback gain strength against its rivals on Thursday. The US dollar index continues to rise early on Friday as the focus shifts to euro zone inflation data and the […]
USD/CAD struggles at 1.2500 on lower oil prices and a strengthening USD
The Loonie loses traction for the first time this week, although it continues to trade at a profit. Fighting between Russia and Ukraine and Putin’s natural gas decree weigh on market sentiment. The United States would tap 1 million barrels per day of its SPR reserves. USD/CAD Price Forecast: Unless the pair trades above 1.2613, […]
Dollar Selling Halts Ahead of Key US Inflation Data
This is what you need to know to trade today Thursday March 31: Despite the risk-averse market atmosphere, the dollar continued to weaken against its rivals on Wednesday and the US dollar index fell more than 0.5% before entering a consolidation phase early on Thursday. The US Bureau of Economic Analysis will release the Personal […]