Get the 2023 outlook from our expert analysts
As a new year of trading is about to commence, our team of analysts have prepared their market outlooks for the each of the sectors worth keeping an eye on over the coming months.
Simply enter your details in the form below and you’ll receive a dossier delivered directly to your inbox that gives you in-depth analysis on key economic themes, including:
- What dollar strength means for gold and oil markets
- Where cryptos like Bitcoin and Ethereum could be headed
- How global indices and tech stocks could bounce back
2023 Macroeconomic Outlook
After tepid growth last year, the global economy is expected to slow further in 2023, with the International Monetary Fund noting that the “risks to the [economic] outlook remain unusually large and to the downside…the worst is yet to come.” One of the big themes we'll be watching in the coming year is the risk that inflation remains stubbornly stuck in the 5% range, despite rising interest rates. See our full report for the causes and implications of this so-called ‘sticky inflation’ scenario for the global economy, policymakers, and traders.
2023 Cryptoasset Outlook
2022 was a year to forget for cryptoasset investors, with the space shedding nearly $2 trillion in market capitalisation, as a deep ‘crypto winter’ set in. With major assets like Bitcoin and Ethereum trading down by more than -80% from their peaks, are we finally near a bottom? Or has the shift from stimulative policy and low interest rates doomed the asset class to irrelevance? Read our full report for the key narratives and developments to watch in 2023.
2023 Big Tech Outlook
Apple, Microsoft, Alphabet, Amazon and Meta saw more than $3 trillion wiped off their valuations in 2022 - the worst year for tech stocks since the financial crisis in 2008. Persistently high inflation, rising interest rates, supply chain problems and Covid disruption have all weighed on earnings this year. But will Big Tech prove resilient in a tough environment and be among the first to bounce back when conditions improve? Read our full report to find out what tech stocks face in 2023.
2023 Indices Outlook
After a volatile year, 2023 is likely to be equally, if not more, turbulent for global indices. Investors will be expecting that sharp central bank policy tightening will become less aggressive, before rate hikes are paused altogether. But that's where the good news might end. Inflation might remain sticky, and the global economic slump is likely to worsen, holding back consumer spending. Read our full report on what’s ahead for major indices in 2023.
2023 Forex Market Outlook
The U.S. Dollar was on an upward trajectory for much of 2022, with the DXY trading at a 20-year high in September. This sent currency pairs such as EUR/USD, GBP/USD, and AUD/USD plunging to new multi-decade lows, while sending USD/CAD and USD/JPY to multi-year highs. Will the U.S. Dollar maintain its bid in 2023, or will it pull back below 100? Read our full outlook on the U.S. Dollar in 2023 and how USD pairs will perform in 2023.
2023 Commodities Outlook
Inflation could provide a tailwind to commodity prices provided demand continues to outstrip supply. But we wish it were that simple. Oil prices are caught between fears of a global slowdown, Putin's geopolitical games and OPEC's desire for higher prices. Gold or silver could outperform if consumer prices deflate - unless inflation remains rampant and forces central banks to tighten their way to a global meltdown, sending investors to cash. With so many moving parts, read our assessment of what’s ahead for commodities in 2023.