- Tuesday, 23 January 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast – 24 January
From the UK, yesterday, Public Sector Net Borrowing and CBI Industrial Orders Expectations figures were released. Public sector net borrowing (excluding public sector banks) decreased by £6.6 billion to £50.0 billion in the current financial year-to-date (April 2017 to December 2017), compared with the same period in 2016; this is the lowest year-to-date net borrowing since 2007. The Office for Budget Responsibility (OBR) forecasts that public sector net borrowing (excluding public sector banks) will be £49.9 billion during the financial year ending March 2018, an increase of £3.9 billion on the outturn net borrowing in the financial year ending March 2017.
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- Tuesday, 23 January 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast – 24 January
There were no major data releases from the UK tomorrow. Aussie managed to close above 0.80 threshold and new buying lifted it above yesterday's highs briefly in Asia earlier today. However, there is a growing sense that the market has gone too far, and the 4% decline in iron ore prices provided the fodder for the profit-taking that has now pushed the Aussie below yesterday's lows. Although the outside down day needs to be confirmed with a close below $0.7980, it is the kind of reversal pattern we have been anticipating.
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- Monday, 22 January 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 23 January
There were no data releases from Eurzone yesterday. The euro rose against the U.S. dollar on Monday, just shy of the three-year high touched last week, as market participants awaited the outcome of the European Central Bank’s meeting on Thursday for possible clues to future shifts in the bank’s monetary policy. News of U.S. senators striking a deal to lift a three-day government shutdown failed to give a lasting boost to the weak dollar.
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- Monday, 22 January 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast – 23 January
There were no major data releases from the UK yesterday. The Pound has held its ground the past week of trading as it has attained values which continue to test a variety of technical highs. Retail Sales data from the U.K were weak before going into the weekend, but this didn’t create headwinds. The Pound is comfortably above the 1.38 juncture versus the U.S Dollar and may continue to attract buyers.
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