Morning BriefingDollar-Yen (111.29) has made a low at 110.59, not too far away from our target of 110.00 but no sign of any bottoming action is visible yet. Some sideways consolidation in the band of 110.50-112.00 may take place for the next few sessions, which may resolve to the downside. The US-Japan 10YR (2.37%) has bounced in line with our expectation and while it tries to move up in the near term, it could pull up Dollar-Yen along with itself.
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Shyam Group of Companies
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March Monthly Forecast
Our Mar-17 Monthly forecast is now available. To order a PAID copy, please click here and take a trial of our service.
March Calendar Wallpaper
Over the last two years, consensus Global GDP forecasts have been revised downwards consistently, as analysts turned from optimistic to pessimistic. In line with our contention of chances of a positive surprise from higher than forecasted growth, there is growing optimism in the USA and Europe as economic data have perked up in the last few months. You can download this chart as part of our March 2017 Wallpaper Calendar from here
Euro Longterm Forecast
Need Euro, Yen and Aussie forecasts for business costing and planning your hedges? You may also be interested in other long term forecasts