IC Markets Europe Fundamental Forecast | 24 March 2023 What happened in the Asian session? The Japanese National Core CPI y/y shows a decrease from the previous figure of 4.2% to 3.1%, in line with market expectations. The Flash Manufacturing PMI shows a slight increase from the previous 47.7 to 48.6, slightly better than the … Continue reading IC Markets Europe Fundamental Forecast | 24 March 2023
Global Markets: News & Data: Markets Update: Asian shares were lower on Friday as lingering banking stability concerns gripped Wall Street, while bonds bet the recent slew of rate hikes by central banks will be among the last of the cycle, allowing for policy relief later in the year. MSCI’s broadest index of Asia-Pacific shares … Continue reading Friday 24th March 2023: Banking woes weigh on Asian stocks, bonds see relief rally
IC Markets Asia Fundamental Forecast | 24 March 2023 What happened in the US session? To tackle inflationary pressure, the SNB raised the policy rate to 1.5% with an increase of 50bps and may continue. Inflation has been rising since the start of the year, currently at 3.4%, which still exceeds the range that the … Continue reading IC Markets Asia Fundamental Forecast | 24 March 2023
IC Markets Europe Fundamental Forecast | 23 March 2023 What happened in the Asian session? As expected, the USD is still experiencing weakness following the relatively dovish view on the Fed’s tightening cycle amid the recent banking turmoil in the US and Europe. What does it mean for the Europe & US Sessions? The central … Continue reading IC Markets Europe Fundamental Forecast | 23 March 2023
Global Markets: News & Data: Markets Update: Asian markets skidded on Thursday, tracking losses on Wall Street after the US Federal Reserve hiked interest rates by 25 basis points and dealt a blow to hopes it could cut them later in the year to soothe worries over the banking sector. The Fed also signalled no … Continue reading Thursday 23rd March 2023: Fed Hike and Yellen’s Comments on Deposit Insurance Trigger Sell-off in Asian Markets
