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Daily Fundamental Analysis

GBP/USD Daily Forecast - 28 February

There were no data releases from the UK yesterday. In the US session Durable Goods Orders and CB Consumer Confidence figures were released. Orders for business equipment at U.S. factories unexpectedly fell for a second month, a sign that demand…

AUD/USD Daily Forecast - 28 February

There were no data releases from Australia yesterday. Australian house prices were steady last week, bucking the trend seen since late last year. As seen in the table below from CoreLogic, prices were flat across the country on an average…

EUR/USD Daily Forecast - 27 February

There were no major data releases fron Eurozone yesterday. European Central Bank President Mario Draghi said Monday that the euro area economy is expanding robustly, but inflation is yet to show sustained signs of moving higher so patience with regard…

GBP/USD Daily Forecast - 27 February

Yesterday, from the UK, high street lending figures were released. Card spending was 5.8 per cent higher than in January 2017, although higher repayment levels meant that the pace of borrowing saw little change, growing at 4.8 per cent annually.…

AUD/USD Daily Forecast - 27 February

There were no data releases from Australia yesterday.  Gold rose on Monday as a softer dollar helped the metal rebound from its biggest weekly loss this year, but moves were muted before the debut congressional testimony by Federal Reserve Chair…

EUR/USD Daily Forecast - 26 February

From Eurozone, on Friday,  Final CPI figures were released. Euro area annual inflation rate was 1.3% in January 2018, down from 1.4% in December 2017. In January 2017, the rate was 1.8%. European Union annual inflation was 1.6% in January…

GBP/USD Daily Forecast - 26 February

There were no data releases from the UK on Friday. The Bank of England might need to raise British interest rates somewhat sooner than Deputy Governor Dave Ramsden had expected if wage growth picks up early this year, according to…

AUD/USD Daily Forecast - 26 February

There were no data releases from Australia on Friday. Federal Reserve policymakers are fretting that they could face the next U.S. recession with an arsenal of policies little different from that used in the last downturn but robbed of much…

EUR/USD Daily Forecast - 23 February

From Eurozone, yesterday, German Business Climate figures were released. German business confidence fell more than expected in February while remaining at a high level, a survey showed on Thursday, suggesting that Europe’s biggest economy is set for solid growth in…

GBP/USD Daily Forecast - 23 February

Focus of the yesterday's session was on UK GDP data. UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.4% between Quarter 3 (July to Sept) and Quarter 4 (Oct to Dec) 2017; this is…

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