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Hong Kong: Growth momentum to pick up in 2020 as trade rebounds - ANZ

Australia and New Zealand Banking Group (ANZ) analysts provide their outlook on Hong Kong’s economy for this year.

Key Quotes:

“Hong Kong will continue to be a dollar funding centre for mainland Chinese companies.

HKD peg will be maintained on strong capital inflows and LIBOR-HIBOR spread reversal.

Growth momentum will pick up as trade rebounds.

Retail sales and inbound tourism will improve in 2020.

No US Fed rate hikes; this will support home values.”

Macroeconomics remain supportive for Gold - ANZ

Gold has pulled back sharply from six-year highs above $1,600 registered on Jan. 8. However, despite the correction, ANZ analysts have maintained thei
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USD/CHF Price Analysis: 21-day SMA, seven-week-old falling trendline question buyers

USD/CHF takes the bids to 0.9700, following the intra-day high of 0.9702, while heading into the European session on Wednesday.
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