OctaFX | OctaFX Forex Broker
Open trading account

US: Growth to settle back near trend - Westpac

According to analysts at Westpac, almost all in the market have a similar expectation regarding economic growth, but suggests that the sentiment has clearly shifted nonetheless.

Key Quotes

“The uncertainty centres on trade tensions between the US and China; persistent political malaise in Europe; with benign US inflation prospects also in the mix.”

“Seeing sentiment as ephemeral, we instead prefer to focus on the underlying trends in the real economy. That leads us to believe four more hikes will be delivered. The anticipated consequence for the US dollar would be a further appreciation to around 100 on a DXY basis – about 3% higher than the current level. That peak will most likely coincide with a September 2019 end to rate hikes. Thereafter, we foresee a reversal of fortunes for the US dollar in 2020, as US growth settles back near trend, bringing an end to the currency’s long period of outperformance.”

China: Economy at a crossroads - Commerzbank

Analysts at Commerzbank suggest that Chinese government is in a tough spot as the current stock of debt seems only sustainable in the long-run if Chin
Read more Previous

UK MPs set to delay Brexit if May's Brexit deal fails - UK's Telegraph

According to initial reporting by the UK's Telegraph, Tory and Labour MPs have a plan to delay the final Brexit date by "several months" if Prime Mini
Read more Next
Start livechat