GOLDMAN SACHS RAISES CREDIT SPREAD FORECASTS, CUTS S&P 500 TARGET
Goldman Sachs raises U.S. credit spread forecasts due to trade risks and economic uncertainty.
Concerns over higher borrowing costs and supply chain disruptions.
S&P 500 year-end target for 2025 reduced to 6,200 from 6,500.
EPS estimates lowered: $262 for 2024 and $280 for 2025.
USD/CAD FORECAST: RISKS TILTED HIGHER AS BOC OFFERS CAUTIOUS PAUSE Bank of Canada Pauses Rate Cuts Amid U.S. Tariff Uncertainty. On April 16, 2025, the Bank of Canada (BoC) held its key policy interest rate steady at 2.75%, marking a pause after seven consecutive rate cuts initiated
USD/CNY FACES UPWARD PRESSURE AMID RISING US-CHINA TRADE TENSIONS China's Q1 2025 Economic Performance Surpasses. China's economy grew by 5.3% year-on-year in Q1 2025, exceeding the anticipated 4.8%. This growth was driven by robust consumer stimulus measures and proactive export shipments ahead of
USD/CHF REMAINS BELOW 0.8200 DUE TO MUTED TRADING ACTIVITY USD/CHF Hovers Around 0.8180 Amid Thin Trading During the Asian trading hours on Friday, April 18, 2025, the USD/CHF currency pair slipped slightly to approximately 0.8180. This movement follows previous session gains and occurs amid
EUR/JPY HOLDS STEADY ABOVE 161.50 AMID THIN TRADING VOLUME ON GOOD FRIDAY EUR/JPY Maintains Position Above 161.50 The EUR/JPY currency pair remains steady above the 161.50 level during the early European session on Friday, April 18, 2025. This stability is attributed to thin trading