A World Economics survey shows the influence of the rising number of COVID-19 cases on economic activity.
19 December 2022
Categories
Chinese business confidence dropped to its lowest level in a decade
Nordea: EURUSD is likely to hit 1.10 next month and 1.13 by end of 2023
The EURUSD climbed to 1.07 after the European Central Bank (ECB) delivered its interest rate hike. Economists at Nordea expect EURUSD to go up to 1.10 over the next month. In their views, it will hover around 1.13 by the end of 2023.
19 December 2022
Bank of Japan should monitor the rate hike and switch to a more flexible policy
The deputy head of the Japanese central bank Hirohide Yamaguchi said to Reuters that the bank should be more flexible when it comes to monetary policy. Also, next year it will be necessary to increase the target for long-term interest rate.
19 December 2022
PCE inflation rate and other economic data this week
Ahead of market closure for the long holiday weekend, Wall Street will release a number of key financial and economic reports. The data on the PCE index, housing market, and the final GDP’s reading for the third quarter will be presented to investors.
19 December 2022
Danske Bank: USDJPY to reach 137 in a month, 139 in 3 months and 128 in 12 months
The USDJPY currency pair ended last week hovering around 136.70. Analysts at Danske Bank predict that USDJPY at 137 by mid-January and at 139 in three months. In a year, it could drop to 128.
19 December 2022
Demand expectations from China and promised replenishment of U.S. SPR from February support oil
On Monday, oil prices are rising. After large losses in the previous session, markets expect to see a resumption of demand.
19 December 2022
ECB increases rates again and plans to reduce balance sheet
On Thursday, December 15, the European Central Bank (ECB) increased its interest rate for the fourth time in a row. This time, it rose by 50 basis points. The bank also outlined its intention to start reducing the balance sheet from next March.
16 December 2022
Economic decline in France accelerated in December
December’s data showed that business activity in France contracted faster than in the previous month. These factors reinforce signs of an impending recession in the eurozone's second-largest economy, as high inflation puts a strain on business activity.
16 December 2022
ANZ Bank: approaching end of USD dominance
The growth rate of the U.S. dollar has been driven by the pace and size of interest rate increases. According to economists at ANZ Bank, the dominance of the U.S. dollar is coming to an end.
16 December 2022
Bundesbank says Germany's economy will contract through mid-2023
Bundesbank warned of tough times for the German economy through the middle of next year. German businesses and households will have to struggle to pay high energy bills, and it will take a while before Germany sees a recovery.
16 December 2022
