- Tuesday, 13 February 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 14 February
Yesterday, from Eurozone, Franch payroll employment figures were released. In Q4 2017, private payroll employment continued to increase following the same path than in the previous quarters : +0.3%, that is +53,300 jobs after +49,600 in Q3 2017. Year on year, private payroll employment increased by +1.3% (that is +253,500 jobs). Excluding temporary employment, it increased over the quarter by +0.2% (that is +45,200 jobs) and by +1.1% over the year (+208,000 jobs). Private payroll employment continued to increase in agriculture (+0.2%, +500 jobs) and accelerated in construction (+0.4%, +4,900 jobs, after +0.1%).
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- Tuesday, 13 February 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 14 February
Focus of the yesterday's session was on UK CPI and PPI figures. The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 2.7% in January 2018, unchanged from December 2017. The largest downward contribution to change in the rate came from prices for motor fuels, which rose by less than they did a year ago. The main upward effect came from prices for a range of recreational and cultural goods and services, in particular, admissions to attractions such as zoos and gardens, for which prices fell by less than they did a year ago. The Consumer Prices Index (CPI) 12-month rate was 3.0% in January 2018, unchanged from December 2017.
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- Tuesday, 13 February 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast - 14 February
From Australia, yesterday, NAB Business Confidence figures were released. The business conditions index jumped 6pts to a strong +19 index points, which is well above the long-run average of +5 index points. According to Alan Oster, NAB Group Chief Economist “The large rise in the NAB Monthly Business Survey business conditions index provides further confirmation of robust business activity in Australia. While the index can bounce around from month-to-month due to changes in seasonal patterns, conditions remain elevated on a trend basis.”
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- Tuesday, 13 February 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast - 13 February
There were no data releases from Eurozone yesterday. The EURUSD bearish run seems to be showing signs of tiredness as the pair seems to have found some support in the mid 1.22s region over the last couple of days. This happened last Friday as well as the lack of fundamentals and economic data in both the Eurozone and the US seems to have hit the pair and this led to some consolidation and ranging. But this consolidation has been happening within a tight range which means that the pair is trying to find a base over the last couple of days. This is happening in a region which is known to be a support region and that is why we believe that the pair is forming a base and preparing itself for a bounce in the coming days. Read more...
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