January 2023 – Page 3 – UAG Trade Asia

German Economy Unexpectedly Shrinks in Q4, Reviving Spectre of Recession

January 31, 2023
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Q4 GDP at 0.2 QQ vs forecast of 0.0 Decline due mainly to falling private consumption Economists reckon mild recession is likely BERLIN, Jan 30 Reuters The German economy unexpectedly shrank in the fourth quarter, data showed on Monday, a sign that Europe39;s largest economy may be entering a muchpredicted recession, though likely a shallower […]

January 31, 2023
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BERLIN, Jan 31 Reuters German retail sales unexpectedly fell in December, as a Christmas shopping period weighed down by high inflation and the energy crisis revived fears of a more marked slowdown in Europe39;s largest economy this winter, data showed on Tuesday. Retail sales decreased by 5.3 in December compared with the previous month, the […]

January 31, 2023
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Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bearish contrarian trading bias.

January 31, 2023
Finance
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Technology stocks lead losses Philips to cut 13 jobs to drive profitability STOXX 600 down 0.6 Jan 30 Reuters European shares fell on Monday, as cautious investors anticipated a slew of interest rate hikes by prominent central banks this week, with shares of ratesensitive sectors including technology among the major laggards. The panEuropean STOXX 600 was […]

January 31, 2023
Finance
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LONDON, Jan 30 Reuters Sterling edged lower against the U.S. dollar on Monday ahead of a number of central bank meetings this week including the Bank of England39;s, which is expected to hike rates for the 10th consecutive time. The BoE looks on course for its first rate rise this year, with markets pricing in […]

January 31, 2023
Finance
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MUMBAI, Jan 30 Reuters The Indian rupee, unlike its Asian peers, declined against the U.S. currency on Monday on dollar demand from foreign banks and importers, according to traders. The rupee was trading at 81.6650 at 1040 a.m. IST, down from 81.5225 in the previous session. Other Asian currencies advanced, led by the onshore Chinese […]

January 31, 2023
Finance
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FRANKFURT, Jan 30 Reuters Germany39;s Commerzbank said on Monday that it met an important profit criteria to join Germany39;s benchmark DAX index of bluechip stocks. Commerzbank, still partially owned by the German government after a bailout more than a decade ago, was expelled from the DAX index in 2018. The bank said its earnings before interest, […]

January 31, 2023
Trading Strategies
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The ASX 200 index appears to have scope to rise further, albeit after a brief pause. The odds are rising that the South Korean benchmark index, KOSPI, could finally break above its multi-month range. What are the levels to watch?

January 31, 2023
Trading Strategies
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From a technical standpoint, the US Dollar might be readying to extend gains against its major peers. Where to for EUR/USD, GBP/USD, AUD/USD and USD/JPY?

January 31, 2023
Business
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Bestway says 3.45 stake is for investment purposes Says may increase holding Looks forward to supporting Sainsbury39;s management Sainsbury39;s says will engage with Bestway Sainsbury39;s shares up 4.5 LONDON, Jan 27 Reuters Retail group Bestway, the owner of Costcutter, has built a 3.45 stake in Sainsbury39;s, describing the move as an investment and not a […]

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German Economy Unexpectedly Shrinks in Q4, Reviving Spectre of Recession

German Retail Sales Post Shock Fall in December

AUD/USD IG Client Sentiment: Our data shows traders are now net-long AUD/USD for the first time since Jan 20, 2023 when AUD/USD traded near 0.70.

Tech Stocks Lead Losses in Europe on Rate Decision Jitters

Sterling Steadies vs Dollar ahead of BoE, ECB Meetings

Importers, Custodial Banks Pull Rupee Down; Asian Peers Inch Up

Commerzbank Meets Important Criteria for DAX Membership

ASX 200 and KOSPI Technical Outlook: Kospi to Catch Up?

US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD, USD/JPY

Costcutter Owner Bestway Buys Sainsburys Stake

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