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Fundamental Forex Analysis

Global GDP to now contract 3.2% in 2020 vs. -1.7% previous

Fitch Ratings, in its latest global economic outlook report, revised down its global GDP estimate for 2020. Key takeaways “See a huge contraction for the global economy. Global GDP forecast now revised to -3.2%...

S&P affirms New Zealand's AA Ratings with outlook – Positive
Forex News

S&P affirms New Zealand’s AA Ratings with outlook – Positive

S&P Global Ratings, in its latest sovereign credit report on New Zealand (NZ), affirmed the economy’s AA rating and maintained a positive outlook. Key takeaways NZ fundamentals are strong, hence a positive...

Italy’s Gualtieri: Economic fundamentals are solid
Fundamental Forex Analysis

Italy’s Gualtieri: Economic fundamentals are solid

Italy’s Economy Minister Roberto Gualtieri said on Wednesday, the economic fundamentals are solid. This comes after Fitch Ratings downgraded Italy’s long-term foreign-currency issuer default rating (IDR) ...

China cites Hubei has 1 additional COVID-19 March 23
Forex News

China’s support measures to prop up growth, jobs; credit implications vary

In its latest report published on Tuesday, Moody’s Investors Service assesses the impact of coronavirus support measures on various facets of the Chinese economy. Key findings “China’s (A1 stable) increas...

Coronavirus damages India’s growth and fiscal outlook
Fundamental Forex Analysis

Coronavirus damages India’s growth and fiscal outlook

In its latest projections on the Indian economy, Fitch Ratings revised down India’s economic growth forecast to 0.8% in the fiscal year ending March 2021 (FY21). Additional takeaways Expect India’s growth to r...

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Fundamental Forex Analysis

China’s full-year growth to dip below 2% in 2020

The US-based Fitch Ratings came out with its economic assessment report on the Chinese economy, in light of the coronavirus pandemic. Key takeaways Much of China’s coronavirus policy response is still pending....

S&P downgrades Australia’s ‘big four’ credit outlook to negative, AUD/USD unfazed
Forex News

S&P downgrades Australia’s ‘big four’ credit outlook to negative, AUD/USD unfazed

Following the outlook downgrade to Australia’s sovereign credit outlook earlier this Wednesday, S&P Global ratings slashed the credit outlook for the country’s big four banks, including the National Austral...

New Zealand COVID-19 alert level raised to 3
Forex News

Moody’s affirms New Zealand’s Aaa rating, maintains stable outlook – NZD/USD retests highs

In its latest review report on New Zealand’s (NZ) sovereign credit ratings, Moody’s Investors Service affirmed the NZ long-term issuer and senior unsecured ratings at Aaa and maintained the stable outlook...

Moody's cuts India GDP growth in 2020 to 2.5% amid coronavirus crisis
Fundamental Forex Analysis

Moody’s cuts India GDP growth in 2020 to 2.5% amid coronavirus crisis

According to the Global Macro Outlook 2020-21 released on Friday, Moody’s Investors Service has slashed India’s 2020 GDP growth estimates by more than half to 2.5%, as the economy is likely to take a hit follow...

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Fundamental Forex Analysis

US real GDP to grow by 1.5% in 2020 vs. 1.7% previous due to coronavirus

Moody’s Investor Service, said in its latest report released on Friday, the US real GDP is now expected to grow by 1.5% in 2020, down from the previous estimate of 1.7%. Key takeaways Coronavirus will hurt eco...