Her Eleftherias Kourtalis The ongoing energy crisis has further weakened growth prospects across Europe, with Goldman Sachs now expecting a recession in the Eurozone, which it estimates has already started in the current third quarter and will continue into the fourth quarter. However, the North-South development gap is huge, as he emphasizes, with resilience and […]
Tag: recession
GBP/USD rebounds from its lowest level since March 2020
A dramatic dollar reversal from a 20-year high prompts some short-covering around GBP/USD. Dovish expectations from the Fed, rising US bond yields and a risk-off mood should limit dollar losses. The gloomy economic outlook for the UK suggests that the recovery attempt is likely to be short-lived. The pair GBP/USD it has bounced from the […]
The Fed will throw the US economy into a recession – Senator Elizabeth Warren
The Democratic US Senator Elizabeth Warrenhas expressed concern on Sunday about a possible recession in the US economy, criticizing the aggressive stance of Fed Chairman Jerome Powell. Featured Statements “You know what’s worse than high prices and a strong economy? It’s high prices and millions of people out of work. I am very concerned that […]
GBP/USD trims its intraday gains and pulls back to the 11820-15 area
GBP/USD finds fresh supply at higher levels amid a modest pickup in USD demand. Mostly upbeat US data, high US bond yields and aggressive Federal Reserve expectations support the dollar. The gloomy economic outlook for the UK acts as a headwind for the British pound and favors bearish traders. The pair GBP/USD struggles to take […]
Stocks: Global stocks face cold winter – Reuters poll
First thing Thursday, Reuters released details of a survey of analysts who cut year-end forecasts for most major indices from three months ago and warned that risks to that already muted outlook were skewed to the downside. “It will be a cold winter for global stocks“, add the conclusions of the survey. Survey Findings Reuters […]
Gold Forecast: XAU/USD declines as USD nears two-decade highs again
Gold meets fresh supply on Wednesday and trims a portion of overnight gains. Resurgent demand for dollars and rising US bond yields are putting some downward pressure on the metal. Recession fears could help limit XAU/USD losses ahead of Fed Powell’s meeting on Friday. Gold veers south after an early rally to the $1,754 area […]
USD/JPY retests 137.00 amid modest USD strength
USD/JPY is back above 137.00 during the early North American session. The renewal of dollar purchases and the further rise in US bond yields remain supportive of the upside move. Recession fears could offer support to the safe-haven yen and sustain gains. The USD/JPY pair attracts some buying on the dips near the 136.20-136.15 area […]
USD/CHF flirts with daily low, bears await break below 0.9600
USD/CHF meets fresh supply on Wednesday and falls to the 0.9600 zone. Recession fears offer some support to the safe haven CHF and put pressure on the pair. Softer US bond yields act as a dollar headwind and contribute to modest weakness. Aggressive expectations from the Fed should limit any significant decline in the USD […]
AUD/USD remains on the defensive around the 0.6920 zone
AUD/USD attracts some buying on Wednesday, but lacks bullish conviction. The pullback in US bond yields appears to cap the dollar and offer some support for the pair. Recession fears and Fed expectations favor dollar bulls and limit the pair’s gains. The pair AUD/USD it reverses an intraday drop to levels below 0.6900 and is […]
Gold Price Forecast: XAU/USD Holds Near $1,750 Awaiting Jackson Hole
The price of gold remains stable after bouncing from its monthly low. DXY pullback underpins rally as yields decline, recession woes test XAU/USD bulls. Cautious sentiment ahead of the Jackson Hole symposium and US data could restrict immediate moves. The Gold price (XAU/USD) remains lateralized near 1,745-46 dollarsafter the rebound from the monthly low, as […]