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Futures News, February 25, Economies.com analysts latest views today: WTI crude oil futures prices continued to rise, breaking through the 71.00 level, which makes the price likely to gain more expected gains in the next trading session, with the main goal of testing 72.30.According to the Financial Times: BPs CEO is fighting for the groups survival and will abandon his promise to cut oil and gas production.Futures February 25, Economies.com analysts latest views today: Brent crude oil futures prices showed a clear positive trend at the opening today, testing the resistance line of the bearish channel, and now seem likely to continue to rise and test 75.66, which is a key resistance level for intraday and short-term trading.European Automobile Manufacturers Association (ACEA): Passenger car registrations in the EU, UK and EFTA fell 2.1% year-on-year in January. In January, the EU electric vehicle market share accounted for 57.2% of newly registered vehicles. In January, EU battery electric passenger car registrations increased 34% year-on-year.On February 25, Citigroup issued a report stating that it updated its valuation model after Bank of East Asia (00023.HK) announced its results in the second half of last year. The bank raised its earnings per share forecast for Bank of East Asia in fiscal years 2025 to 2026 by 8% to 13%, mainly driven by a 1 to 2% increase in revenue, a 2 to 3% improvement in costs, and the redemption of additional Tier 1 capital bonds (AT1). At the same time, the impairment forecast was raised by 6 to 8% to reflect the continued uncertainty in the macro environment. With the change in earnings forecast, the target price was raised from HK$9.3 to HK$11, and the neutral rating was maintained.

Eyes AUD/JPY 94.00 Prior to the release of China's GDP, the focus shifts to the RBA Minutes.

Larissa Barlow

Apr 18, 2022 09:43

The AUD/JPY pair is trading in a narrow range of 92.82-93.90 as investors anticipate the publication of China's National Bureau of Statistics' Gross Domestic Product (GDP) figures in Asia. The cross has been heading higher for an extended period, despite broader yen weakening.

 

It's worth mentioning that Australia is the world's largest exporter to China, and its better GDP figures will benefit the Australian dollar. The market consensus for China's annual GDP is 4.4 percent for the first quarter of CY22, down from 4% previously, while a preliminary estimate for China's annual industrial production is 4.5 percent, down dramatically from the previous number of 7.5 percent.

 

This week's big event will be the release of the Reserve Bank of Australia's (RBA) April monetary policy minutes. The minutes of the RBA will detail the mathematics underlying RBA Governor Philip Lowe's neutral stance. Additionally, information about Australian inflation will assist market participants in fine-tuning their strategies. Meanwhile, according to Reuters, the Bank of Japan (BOJ) is anticipated to maintain its ultra-loose monetary policy despite an upward revision to inflation expectations. Additionally, the agency claimed that the BOJ is projected to lift its fiscal 2022 inflation prediction to above 1.5 percent from the current 1.1 percent in April, while lowering its fiscal 2022 growth forecast from the current 3.8 percent.

AUD/JPY

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