Following the exit of the final German IFO business survey, institute economist Klaus Wohlrabe said the economy was looking for a recovery. Additional quotes “The climate has improved in construction, retail and services.” “Particularly pronounced improvement of the climate in industry.” Production plans have been significantly revised upwards. “Travel agencies and tour operators are slightly..
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Economist from the German IFO: Economy geared towards recovery.
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Fitch Confirms Australia’s “AAA” Rating; negative outlook
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Global credit rating agency Fitch recently released its analysis of the default long-term currency issuer (IDR) rating for Australia. The rating giant has retained the “AAA” status of the Pacific major with a negative outlook. Strong institutions and an effective policy framework are the main positives cited in the report that have helped the credit..
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When is the euro zone preliminary GDP and how could it affect the EUR / USD?
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Preliminary overview of euro area GDP The second reading of the euro area’s fourth quarter GDP figures is expected to be released later today at 10:00 GMT. The consensus among traders expects the bloc’s economic growth rate to decline 0.7% between quarters in Q4 2020, when on an annualized basis it is expected to come..
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Japan PM Suga: keep a close eye on currencies
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Japanese Prime Minister (PM) Yoshihide Suga said in an unexpected comment Monday that he was closely monitoring forex movements. Earlier today, Economy Minister Yasutoshi Nishimura said fourth-quarter GDP demonstrates the potential for economic recovery. The Japanese economy grew 3% QoQ in Q4 vs. 2.3% of expectations and 5.3% in the third quarter. USD / JPY..
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Q4 GDP demonstrates the potential for recovery of the Japanese economy
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Japanese Economy Minister Yasutoshi Nishimura made statements following the release of gross domestic product data released earlier today. Key comments Adopt necessary measures flexibly while monitoring infections and economic impact. Capex is showing signs of dips mainly on investments in machinery. The fourth quarter GDP demonstrates the potential for recovery of the Japanese economy. Quickly..
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On bids above 105.00 after optimistic Japan’s fourth-quarter GDP
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USD / JPY remains strong after welcome GDP figures in the country. Japan’s preliminary GDP for the fourth quarter was better than expected at 2.3% in the fourth quarter. The risks remain positive in the hope of a US recovery and a global vaccination campaign. Industrial production in Japan, risk catalysts seen in the middle..
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When is Japan’s GDP in Q4 and how might it affect the USD / JPY?
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Japan’s finance ministry is set to release preliminary fourth quarter (Q4) 2020 gross domestic product (GDP) figures at 11:50 p.m. GMT on Sunday, early Monday morning in Asia. Following this, Japan’s December industrial production, which will be released around 04:30 GMT on Monday, may also entertain USD / JPY traders. Market consensus carries the burden..
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New York Fed’s immediate GDP drops to 6.7% for the first quarter after this week’s data
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The US economy is expected to grow 6.7% in the first quarter of 2021, the latest New York Federal Reserve report showed on Friday. “The news of this week’s data releases reduced the nowcast for 2021: Q1 by 0.1 percentage point,” the New York Fed explained in its publication. The negative effects of JOLTS and..
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UK preliminary GDP beats estimate with 1% QoQ in Q4, GBP / USD unfazed
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UK quarterly GDP grew 1% in Q4 vs. 0.5% expected. UK GDP hit 1.2% MoM in December vs. 1% expected. GBP / USD is off bullish UK GDP lows but remains around 1.38. The UK economy grew 1% vs QQ in the last quarter of 2020 compared to massive 16% growth in Q3 and expectations..
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Break through three-week resistance to UK GDP
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EUR / GBP takes bids near weekly high, extends run beyond 50 bar SMA. MACD bullish, weakness expected from the pair’s suggestion of UK GDP still rising. Sharp lows in early February are probing bulls targeting the monthly high. EUR / GBP climbs to 0.8789, up 0.09% intraday, ahead of the London opening on Friday…
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