The economic impact on Germany of the Russian invasion of Ukraine will last for yearsthe influential economist told Reuters Marcel Fratzscher, of the German Institute for Economic Research, who added that it could cost 3 percentage points of growth this year. It should be noted that the institute advises the government of Europe’s largest economy […]
Tag: recession
S&P 50 to end the year slightly above its current level – Reuters poll
The S&P 500 will end the year slightly above its current level after a recent recovery that has lifted the index from its bear market lows, according to a new Reuters poll among strategists released early Wednesday in Asia. Featured Results The benchmark will end this year at 4,280, according to the median forecast of […]
GBP/USD rebounds strongly and breaks above 1.1860 after mixed US and UK PMIs
GBP/USD jumps from record lows after US economic data reignites recession fears. US S&P Global PMI data was mixed, although it reignited recession fears. The UK S&P Global Manufacturing PMI slipped into contraction territory. GBP/USD Price Analysis: If it breaks above the 1.1900 level, the 1.1936 level can be tested. The GBP/USD recovered some ground […]
Gold Forecast: XAU/USD updates daily high after disappointing US PMIs.
Gold gets some bids on Tuesday and rallies further from a multi-week low. A softer risk-off tone coupled with a modest dollar pullback offers support for the metal. Aggressive Fed expectations and high US bond yields should limit further gains. Gold reverses an intraday drop to the $1,730 area and rises to a new daily […]
EUR/GBP remains below 0.8450 after Eurozone and UK PMIs
EUR/GBP defends the vital 200-day moving average. The gloomy economic outlook for the UK undermines the British pound and offers some support to the cross. Concern about the energy crisis in Europe weighs on the common currency and limits increases. The EUR/GBP cross defends the all-important 200-day Simple Moving Average (SMA) support and for now […]
NZD/USD fails to capitalize on recovery move beyond 0.6200
NZD/USD recovers from the one-month low hit last Friday. The PBoC moves to further ease policy and gives a boost to the antipodeans, including the kiwi. Sustained dollar buying and recession fears limit any significant rise in the pair. The pair NZD/USD gains some positive traction on Monday and breaks a five-day losing streak to […]
USD/CHF Hits Two-Week Highs Amid Sustained Dollar Buying
USD/CHF gains traction for the sixth day in a row and rises to a two-week high on Monday. Aggressive expectations from the Fed continue to support the dollar and continue to support the upward movement. Recession fears and risk-off mood benefit safe-haven CHF and appear to limit pair’s gains The pair USD/CHF it continues its […]
USD/CAD pulls back from one-month highs, downside remains limited
USD/CAD struggles to capitalize on modest intraday gains to break above one-month highs. A rally in crude oil prices underpins the loonie and acts as a headwind for spot prices. The aggressive expectations of the Fed and the risk aversion environment boost the dollar and limit the falls. The pair USD/CAD it retraces from the […]
Goldman Sachs: End of stock rally, ‘hard’ landing – Recession and inflation will lead to strong sell-off
By Eleftherias Kourtalis The rally in stocks is unlikely to continue amid risks that include a recession and a new upside surprise in inflation, thus requiring the Fed to raise interest rates further and significantly, Goldman Sachs strategists warned. As they point out in a new report, the S&P 500 has jumped 17% in eight […]
GBP/USD hits one-month lows below 1.1800 on firmer dollar
GBP/USD continues to lose ground for the fourth day in a row and falls to a new monthly low. Fed expectations and risk aversion state support dollar. The pound continues to be affected by the UK economic outlook. The GBP/USD is falling for the fourth day in a row on Monday. It reached lows in […]