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Daily Fundamental Analysis

AUD/USD Daily Forecast - 09 March

Yesterday's session was marked by Australian Trade Balalnce figures.  Australia’s international trade balance swung back to surplus in January, recovering following a large deficit in December. According to the Australian Bureau of Statistics (ABS), a surplus of $1.055 billion was…

EUR/USD Daily Forecast - 08 March

Yesterday, from Eurozone, only Revised GDP figures were published. Seasonally adjusted GDP rose by 0.6% in both the euro area (EA19) and the EU28 during the fourth quarter of 2017, compared with the previous quarter, according to an estimate published…

GBP/USD Daily Forecast - 08 March

From the UK, yesterday, house prices figures were released. House prices continue to remain broadly flat, as they have since the end of last year. The annual rate of growth has slowed from 2.2% in January to 1.8% in February,…

AUD/USD Daily Forecast - 08 March

Yesterday's session brought Australian GDP figures. The Australian economy grew 0.4 per cent in seasonally adjusted chain volume terms in the December quarter 2017, according to figures released by the Australian Bureau of Statistics (ABS) today. Chief Economist for the…

EUR/USD Daily Forecast - 07 March

From Eurozone, yesterday, Retail PMI figures were released. Eurozone retailers reported an eleventh consecutive monthly rise in like-for-like sales during February. Moreover, the rate of expansion quickened from January‟s five-month low and was solid overall. The acceleration at the eurozone…

GBP/USD Daily Forecast - 07 March

With no data releases from the UK yesterday, focus was once again on Brexit. The EU has dismissed Theresa May’s Brexit speech as being more about Conservative party management than putting forward sensible solutions on trade, according to an internal…

AUD/USD Daily Forecast - 07 March

From Australia, yesterday, Retail Sales and Current account figures were released. Australian retail turnover rose 0.1 per cent in January 2018, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) Retail Trade figures.  This follows a 0.5 per…

EUR/USD Daily Forecast - 06 March

From Eurozone, yesterday, Spanish Services PMI figures were released. Spanish service providers continued to benefit from strengthening underlying demand in February, seeing new orders rise sharply. On the price front, both input costs and output prices rose at sharper rates…

GBP/USD Daily Forecast - 06 March

Yesterday's session brought UK Services PMI figures. UK service providers experienced a modest rebound in business activity growth during since May 2017. The seasonally adjusted IHS Markit/CIPS UK Services PMI® Business Activity Index registered 54.5 in February, up from 53.0…

AUD/USD Daily Forecast - 06 March

From Australia, yesterday, Building Approvals figures were released. The trend estimate for total dwellings approved rose 0.1% in January after falling for three months. The seasonally adjusted estimate for total dwellings approved rose 17.1% in January. The trend estimate for…

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