- Friday, 16 February 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 19 February
From Eurozone, on Friday, German WPI figures were released. As reported by the Federal Statistical Office (Destatis), the selling prices in wholesale trade increased by 2.0% in January 2018 from the corresponding month of the preceding year. In December 2017 and in November 2017 the annual rates of change were +1.8% and +3.3%, respectively. From December 2017 to January 2018 the index rose by 0.9%. Read more...
- Friday, 16 February 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 19 February
Friday's session brought UK Retail Sales data. In January 2018, the underlying pattern in retail sales, as suggested by the three-month on three-month measure, is one of slow growth with the quantity bought increasing by 0.1%; the lowest growth since April 2017. The monthly growth rate for the quantity bought increased by 0.1% with declines across all main sectors except non-food stores. When compared with January 2017, the quantity bought in January 2018 increased by 1.6%; a slowdown to year-on-year growth when compared with an increase of 2.4% in January 2017.
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- Friday, 16 February 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast - 19 February
There were no major data releases from Australia on Friday. The head of the Reserve Bank has warned the federal government against cutting company taxes in Australia if it means taking on more debt. Philip Lowe on Friday said Donald Trump's move to reduce America's corporate tax rate was "very problematic" because of its ongoing impact on the budget. While acknowledging competition on a global scale was "hard to ignore", with the US, UK and Europe either cutting tax rates or considering it, he was cautious about Australia following suit. Read more...
- Thursday, 15 February 2018
- Daily Technical Analysis
AUD/USD Daily Forecast - 15 February
Aussie fell in the course of the yesterday's session going all the way to 0.7780 area, where pair found some amount of support and was then pushed higher going all the way to 0.7930 level by the end of the session. Incline was supported by fall in US Retail Sales figures. Tomorrow, focus will be on Australian job figures and US reports. Pair is likely to find support around 0.7880 and 0.7850 handle, so these would be our short-term buying points, while we can expect some amount of resistance above 0.80 handle.
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