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Daily Fundamental Analysis

AUD/USD Daily Forecast – 06 December

Yesterday's session was marked by Australian Retail Sales and Current Account figures. Australian retail turnover rose 0.5 per cent in October 2017, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) Retail Trade figures.  This follows a 0.1…

EUR/USD Daily Forecast – 05 December

From Eurozone, yesterday, Spanish Unemployment Change figures were released.  The number of unemployed registered in the offices of the Public Employment Services has increased in November in 7,255 people in relation to the previous month. Last year, in November 2016,…

GBP/USD Daily Forecast – 05 December

Yesterday's session brought UK Construction PMI figures. November data pointed to a moderate rebound in UK construction output, with business activity rising at the strongest rate since June. Adjusted for seasonal influences, the IHS Markit/CIPS UK Construction Purchasing Managers’ Index®…

AUD/USD Daily Forecast – 05 December

Yesterday, from Australia, Company Operating Profits figures were released. The trend estimate for inventories rose 0.1% in the September quarter 2017. The seasonally adjusted estimate rose 0.2% this quarter. The trend estimate for Manufacturing sales of goods and services rose…

EUR/USD Daily Forecast – 04 December

From Eurozone, on Friday, Spanish Manufacturing PMI figures were released. The PMI rose to 56.1 in November from 55.8 in October, the highest reading since February 2007. Operating conditions have now improved on a monthly basis throughout the past four…

GBP/USD Daily Forecast – 04 December

Friday was marked by UK Manufacturing PMI figures. November saw the UK manufacturing sector move up a gear, with rates of increase in new orders and production among the best registered over the past four years. This tested capacity and…

AUD/USD Daily Forecast – 04 December

There were no data releases from Australia on Friday, but from China Manufacturing PMI figures were released. The Caixin China General Manufacturing Purchasing Managers’ Index (PMI) fell marginally from the previous month to 50.8 in November, but remained in expansion…

EUR/USD Daily Forecast – 01 December

Yesterday's session was marked by Eurozone CPI figures. Euro area annual inflation is expected to be 1.5% in November 2017, up from 1.4% in October 2017, according to a flash estimate from Eurostat, the statistical office of the European Union.…

GBP/USD Daily Forecast – 01 December

From the UK, yesterday, Nationwide house prices figures were released. The annual rate of house price growth remained stable in November at 2.5%. Nevertheless, annual growth remains within the 2-4% range that has prevailed since March. Low mortgage rates and…

AUD/USD Daily Forecast – 01 December

Yesterday's session brought Australian Building Approvals and Private Capital Expenditure figures. The trend estimate for total dwellings approved rose 0.7% in October and has risen for nine months. The seasonally adjusted estimate for total dwellings approved rose 0.9% in October.…

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