By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
LazyTraderLazyTrader
  • Tracker
    • Stocks
    • Forex
    • Crypto
    • ETFs
  • Analytics
    • Advanced Chart
    • Intra Day
    • Technical Analysis
    • Watch List
    • Analytics Platform
  • News
    • Stocks
    • Forex
    • Crypto
    • Videos
  • ToolsNew
    • TradingView
    • Forex Calculators
    • Forex VPS
    • MetaTrader
  • Academy
    • The Swedish Investor
    • Freenvesting
    • Finaius Films
    • Chat with Traders
    • Millionaire Secrets
    • Investor Archive
    • Book summaries
  • Buy LazyTrader
  • Contact
Reading: Caution triggers as global growth encounters a downward revision
Share
Aa
LazyTraderLazyTrader
Aa
  • Menu
  • Academy
  • Buy LazyTrader
  • Tools
  • Insights
  • Contact
Search
  • Tracker
    • Stocks
    • Forex
    • Crypto
    • ETFs
  • Analytics
    • Advanced Chart
    • Intra Day
    • Technical Analysis
    • Watch List
    • Analytics Platform
  • News
    • Stocks
    • Forex
    • Crypto
    • Videos
  • ToolsNew
    • TradingView
    • Forex Calculators
    • Forex VPS
    • MetaTrader
  • Academy
    • The Swedish Investor
    • Freenvesting
    • Finaius Films
    • Chat with Traders
    • Millionaire Secrets
    • Investor Archive
    • Book summaries
  • Buy LazyTrader
  • Contact
  • Contact
  • Blog
  • Complaint
  • Advertise
© 2022 Lazy Trader. All Rights Reserved.
LazyTrader > Insights > Forex > Caution triggers as global growth encounters a downward revision
Forex

Caution triggers as global growth encounters a downward revision

Team Lazy
Share
SHARE

  • Asian stocks are expected to remain cautionary as global growth has encountered a downward revision.
  • Global markets are likely to remain on tenterhooks ahead of the US GDP release.
  • Oil price has dropped below $80.50 as the US recession fears are still solid.

Markets in the Asian domain are showing signs of caution amid the release of corporate earnings worldwide and ahead of the United States Gross Domestic Product (GDP) data. The US Dollar Index (DXY) is gauging a cushion around seven-month low at 101.10, however, the downside bias is extremely solid. S&P500 futures are displaying modest gains recorded in early Asia after settling Wednesday’s trading session on a flat note. The risk profile is positive, however, anxiety among investors will remain high ahead of the US GDP and other economic data.

At the press time, Japan’s Nikkei225 eased 0.20%, KOSPI gained 0.70%, Hang Seng soared 1.75%, Chinese markets are closed on account of the Lunar New Year while Indian markets are closed due to Republic Day.

A poll conducted by Reuters on global growth indicates that the global economy will grow by 2.1% in 2023; 2.8% in 2024 vs. 2.3% and 3.0%, respectively, in an October poll. Reuters stated that ‘Falling energy prices, a slowdown in inflation in most economies from multi-decade highs, an unexpectedly resilient euro zone economy and China’s economic reopening have led traders to speculate the downturn will be milder.”

- Advertisement -

Japanese equities are facing caution despite the Bank of Japan (BoJ) Governor Haruhiko Kuroda favored of a continuation of expansionary monetary policy. BoJ Kuroda has confirmed that the central bank “will resolutely keep the monetary environment easy.” He added that “the BoJ aims to regain market functionality by tweaking yield curve control operations while maintaining an easy monetary environment.

On the oil front, oil prices have surrendered the $80.50 support as the US recession is still in the picture despite rising bets for a smaller interest rate hike by the Federal Reserve (Fed). The Fed could not achieve price stability without entering into recession as retail demand needed to get squeezed and producers would be needed to drop output prices to maintain the harmony.

 


Source link

Team Lazy January 26, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

You Might also Like

Forex

AUD/JPY corrects from 92.00 as RBA sees inflation softening ahead

2 Min Read
Forex

CB Consumer Confidence Declines Ahead of FOMC

12 Min Read
Forex

FOMC, ECB, BoE to Hike Rates But Guidance Uncertain

8 Min Read
Forex

Dollar climbs before Fed, but set for fourth monthly drop By Reuters

4 Min Read
Forex

Pressure on BoJ to Set Inflation at 2%

4 Min Read
Forex

“Key panel urges BOJ to make 2% inflation target long-term goal”

1 Min Read
Forex

Nasdaq 100 Capsizes After Finally Overcoming 200-Day SMA, Beware More Volatility

15 Min Read
Forex

Dollar steady as central banks take central stage By Reuters

5 Min Read
Forex

BoE: In A Pretty Protracted Recession?

9 Min Read
Forex

Gold Price Around Key Support, Focus at FOMC, US NFP

4 Min Read
Forex

Goldman Sachs raise China equity index target, ‘reopening’ evolves into ‘growth recovery’

0 Min Read
Forex

Simple Pin Bar Bounce Forex Trading Strategy

10 Min Read

© 2022 Lazy Trader. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?