Review Brokers
No Result
View All Result
Tuesday, March 28, 2023
  • Login
  • Home
    • Binary Options Brokers
    • Forex Advertising
    • Best Broker 2022
    • Economic Calendar
    • Contact Us
  • Forex Brokers
  • Education
    • Forex/CFDs/Cryptos News
    • Forex Trading Strategies
    • Forex Trading Indicators
    • Promotional Content
  • Forex Promotions
    • Best Promotions
    • Affiliate Program
    • Forex No Deposit Bonus
    • Forex Demo Contest
    • Forex Rebate (Cashback)
    • Forex Live Contest
    • Forex Deposit Bonus
    • Other Promotions
  • Expert Advisors
    • Expert Advisors Price
  • Home
    • Binary Options Brokers
    • Forex Advertising
    • Best Broker 2022
    • Economic Calendar
    • Contact Us
  • Forex Brokers
  • Education
    • Forex/CFDs/Cryptos News
    • Forex Trading Strategies
    • Forex Trading Indicators
    • Promotional Content
  • Forex Promotions
    • Best Promotions
    • Affiliate Program
    • Forex No Deposit Bonus
    • Forex Demo Contest
    • Forex Rebate (Cashback)
    • Forex Live Contest
    • Forex Deposit Bonus
    • Other Promotions
  • Expert Advisors
    • Expert Advisors Price
No Result
View All Result
Review Brokers
No Result
View All Result

Asia outlook 2023: Darkest before the dawn

Admin by Admin
January 11, 2023
in Forex/CFDs/Cryptos News
0
MarketNews
0
SHARES
1
VIEWS

(Robert Carnell – ING Economic and Financial Analysis)

2023 is not going to be a great year for growth – the region’s main external trade partners are all already in, or going into recession, and the region’s largest economy, China, is struggling right now. But China’s Covid-19 waves will pass, inflation is already coming down in many economies, and rate policy, currency, and other market strains should ease.

What does the year of the rabbit hold?

As we move out of the Year of the Tiger towards the Year of the (Water) Rabbit, it’s a good time to look ahead and consider what the New Year will hold for the macro economy and markets of the Asia Pacific region. Given the limitations of the economist professions’ own forecasting abilities, it seems churlish to ignore the horoscope’s message, which for this sign of the Chinese Zodiac, appears to be one of longevity, peace, and prosperity.

Is there any hope for this? It seems an overly optimistic leap of faith. Still, if there were a breakout of peace in Ukraine, this would undoubtedly be welcomed in Asia (as well as the rest of the world), taking pressure off commodity energy and agricultural import prices. Arguably, the idea of longevity may also be tied in with some improvement in China’s Covid situation, although this is currently extremely tricky. One can imagine markets rallying hard and delivering prosperity if either of these events transpires.

The macro outlook starts badly but should improve

But despite the zodiac’s suggestions for a brighter future, the facts on the ground remain that 2023 is shaping up to be a poor one for Asia’s macroeconomy. Major external markets are either already in recession (Europe) and going deeper, or slowing and probably headed for recession (US). Regional demand is also being rocked by China’s Covid transition, from “zero-Covid” to “living with Covid”. Official data on this cannot be taken remotely seriously, but it doesn’t sound like it is going well at the moment, and it may be some months before the situation calms. When it does, though, it could deliver a more optimistic trade environment than exists currently. Double-digit declines in export growth across the region, which reflect external (and China’s) weakness, may get slightly worse at first, but it should begin stabilizing later in 2023.

The downturn in the semiconductor cycle, which is important for much of the region, may also benefit from improving local and regional demand as China re-emerges. But as new chip fabrication plants come online in 2023 and 2024, we may see these depressing unit prices and profits. And the trend of restrictions on US trade with China in technology is unlikely to reverse or be circumvented any time soon, though high-level talks between the US and China in the New Year may lessen tensions.

Markets may do better than macro

Even with some pickup later on in 2023, our expectations for 2023 economic activity are cautious. But there is room for some market confidence. Not only will the global rate cycle likely hit its peak in early 2023, but it is also entirely conceivable that we see some decline in global rates before the end of 2023, taking pressure off local Asian policy rates, bond yields, and currencies. All of which should also be a catalyst for some pick up in equity prices, helped also by declining inflation rates, which have peaked in most of the region (there are a few exceptions).

In summary, we are perhaps a bit less optimistic than our zodiacal competitors in the forecasting world, but we can at least see some light at the end of the tunnel. 2024 should be better.

Read Ichimoku cloud analysis: EUR/USD, NZD/USD, USD/CAD

Post Views: 240

Related posts:

FXStreetBitcoin’s inverse correlation with inflation-adjusted bond yield hits record high FXStreetBTC miners ‘finally capitulating’ – Five things to know in Bitcoin this week FXStreetGBPUSD outlook FXStreetForex Technical Outlook: Yen, Pound MarketNewsRates Spark: ECB to set the tone for summer MarketNewsHigher ECB rates may not reverse the euro weakness [Video] FXStreetEUR/USD stands below 20-day SMA, Gold bounces off 1-year low but retains bearish outlook [Video] MarketNewsDaily recommendations on major – USDJPY
Tags: Forex/CFDs/Cryptos NewsMajor external marketssign of the Chinese Zodiac
30 USD No Deposit Bonus 30 USD No Deposit Bonus 30 USD No Deposit Bonus
Previous Post

Stop fighting the Fed [Video]

Next Post

Ichimoku cloud analysis: EUR/USD, NZD/USD, USD/CAD

Admin

Admin

Related Posts

MarketNews
Forex/CFDs/Cryptos News

The Comeback of the Banking Sector: Hope on the Horizon

March 24, 2023
FXcurrencies
Forex/CFDs/Cryptos News

Forex Trading Secrets: Advanced Technical Analysis Techniques for Major Currency Pairs, Equities, and Commodities

March 24, 2023
MarketNews
Forex/CFDs/Cryptos News

Has the ECB set the tone for the Federal Reserve?

March 24, 2023
us dollar index
Forex/CFDs/Cryptos News

Dollar under pressure

March 20, 2023
MarketNews
Forex/CFDs/Cryptos News

The Aftermath of Credit Suisse’s Deal: How Europe Will be Affected

March 20, 2023
EUR-USD
Forex/CFDs/Cryptos News

The Calm Before the Storm: EUR/USD Analysis Before US Jobs Report

March 20, 2023
Load More
Next Post
FXcurrencies

Ichimoku cloud analysis: EUR/USD, NZD/USD, USD/CAD

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
PrimeXBT

PrimeXBT | Step2earn Contest (06.06.22)

May 31, 2022
FBS

FBS | $100 Quick Start Bonus

February 21, 2023
PrimeXBT

PrimeXBT | TradinatoR Contest (27.06.22)

June 6, 2022
xtrade

XTrade | Xmas Season Bonus (26.12.21)

May 24, 2022
CMC Markets

What Is Bitcoin?

53
forexknowledge

What is Forex?

32
Tiomarkets

MT4 vs MT5: What trading platform to choose?

31
CMC Markets

What Is Ethereum?

29
AceFXPro

AceFXPro | Up to 100% Bonus

March 27, 2023
MarketNews

The Comeback of the Banking Sector: Hope on the Horizon

March 24, 2023
FXcurrencies

Forex Trading Secrets: Advanced Technical Analysis Techniques for Major Currency Pairs, Equities, and Commodities

March 24, 2023
N1CM

N1CM | 35% First Deposit Bonus

March 21, 2023

Advertisement

exness

fbs

XM





300_250_en stocks

deriv

Recent Posts

  • AceFXPro | Up to 100% Bonus
  • The Comeback of the Banking Sector: Hope on the Horizon
  • Forex Trading Secrets: Advanced Technical Analysis Techniques for Major Currency Pairs, Equities, and Commodities
  • N1CM | 35% First Deposit Bonus
  • Windsor Brokers | 30 USD Free Account

Connect to ReviewBrokers

facebook twitter telegram
liveinternet liveinternet
Review Brokers

ReviewBrokers Information

Address: Ho Chi Minh City, Vietnam, 70000

Contact us:
– Skype: fxvnpro
– Email:

admin@reviewbrokers.com

reviewbrokers.net@gmail.com

Payment methods:
– Webmoney
– Perfect Money
– Paypal
– Skrill
– Neteller
– Bank Wire
– Bitcoin

Categories

  • Affiliate Program (64)
  • Best Promotions (42)
  • Broker Listing (9)
  • Education (88)
  • Expert Advisors (1)
  • Forex Demo Contest (35)
  • Forex Deposit Bonus (230)
  • Forex Live Contest (51)
  • Forex No Deposit Bonus (26)
  • Forex Rebate (Cashback) (59)
  • Forex Trading Indicators (26)
  • Forex Trading Strategies (15)
  • Forex/CFDs/Cryptos News (946)
  • Other Promotions (51)
  • Promotional Content (10)

Disclaimer

Any promotions, reviews, and other information in the website are just for the information purpose only.

There is no invitation or encouragement to invest in the Financial Market such as CFDs, Forex, Binary Options, Indices, Cryptocurrencies and so on. We disclaim liability for any loss resulting from the use of information contained on this website.

The published comments are private opinions or feedback of the users. ReviewBrokers is not responsible for any information on the website.

Recent Posts

  • AceFXPro | Up to 100% Bonus
  • The Comeback of the Banking Sector: Hope on the Horizon
  • Forex Trading Secrets: Advanced Technical Analysis Techniques for Major Currency Pairs, Equities, and Commodities
  • N1CM | 35% First Deposit Bonus
  • Windsor Brokers | 30 USD Free Account
  • FirewoodFX | Up to $5,000 Trading Reward Bonus
  • AvaTrade | Share The Wealth, Refer A Friend
  • SuperForex | Gold Rush
  • SuperForex | CryptoMania – Cryptocurrency Contest
  • OctaFX | Champion MT4 Demo Contest (10.04.23)
  • JustMarkets | $30 Welcome Bonus
  • Has the ECB set the tone for the Federal Reserve?

Risk warning

Please be aware of your investment into trading markets which is high risk and not suitable for everyone.

© 2011 - 2022 ReviewBrokers - Forex Brokers Review | Forex Promotions & Bonuses.

No Result
View All Result
  • Home
    • Binary Options Brokers
    • Forex Advertising
    • Best Brokers 2022
    • Economic Calendar
    • Contact Us
  • Expert Advisors
    • Expert Advisors Price
  • Forex Brokers
  • Education
    • Forex/CFDs/Cryptos News
    • Promotional Content
  • Forex Promotions
    • Best Promotions
    • Forex No Deposit Bonus
    • Forex Demo Contest
    • Forex Rebate (Cashback)
    • Affiliate Program
    • Forex Deposit Bonus
    • Forex Live Contest
    • Other Promotions

© 2011 - 2022 ReviewBrokers - Forex Brokers Review | Forex Promotions & Bonuses.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Warning: array_sum() expects parameter 1 to be array, null given in /home/betbonus/reviewbrokers.net/wp-content/plugins/jnews-social-share/class.jnews-social-background-process.php on line 111