UOB Group’s Economist Ho Woei Chen, CFA, remarks on the 2021 GDP figures in South Korea.
Key Takeaways
“South Korea’s 4Q21 GDP boom was once in line with consensus and our forecast at 4.1% y/y, 1.1% q/q seasonally-adjusted as it maintained a regular recovery. The South Korean economic system recovered by using 4.0% in 2021 from a contraction of 0.9% in 2020.”
“We see sturdy exterior…
EUR/USD is shifting sideways in a slender band above 1.1400. According to FXStreet’s Eren Sengezer, the correction may want to lengthen with a drop beneath 1.1400.
Initial resistance considered at 1.1430
“The first help aligns at 1.1400 (ascending style line, psychological level). In case a four-hour candle closes beneath that level, the correction ought to prolong towards 1.1380 (static…
Here is what you want to recognize on Tuesday, January 18:
The dollar managed to submit modest good points in opposition to its main opponents and appears to maintain its bullish momentum early Tuesday with the US Dollar Index rising above 95.30. The benchmark 10-year US Treasury bond yield is at its easiest degree in two years close to 1.85%, up greater than 1% on a day by day basis. ZEW Survey…