- Thursday, 04 January 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast – 05 January
There were no data releases from Australia yesterday, but from China Services PMI figures were released. The Caixin China General Services Business Activity Index rose 2.0 points from the previous month to 53.9 in December, the highest level since August 2014. The expansion in new business picked up for the second consecutive month. Prices charged increased at a slightly slower rate in December, while input prices rose at the joint-fastest pace since February 2013. The Caixin China Composite Output Index rose 1.4 points from November to 53.0 in December, with both manufacturing and service sectors seeing stronger rates of growth.
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- Wednesday, 03 January 2018
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 04 January
From Eurozone, yesterday, German Unemployment data was released. Germany's unemployment rate held steady at a record low, bolstering optimism over the health of the euro zone's largest economy, official data showed on Wednesday. In a report, Germany's Federal Statistics Office said its jobless rate clocked in at a seasonally adjusted 5.5% in December. That beat expectations for it to hold steady at the initial reading of 5.6% in November. However, the prior month’s data was also revised lower to 5.5%.
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- Wednesday, 03 January 2018
- Daily Fundamental Analysis
GBP/USD Daily Forecast – 04 January
Yesterday's session was marked by UK Construction PMI data. The seasonally adjusted IHS Markit/CIPS UK Construction Purchasing Managers’ Index (PMI®) posted 52.2 in December, down from 53.1 in November but above the 50.0 no-change threshold for the third month running. As a result, the latest reading signalled a moderate expansion of overall construction output at the end of 2017. Survey respondents indicated that house building remained a key engine of growth, with residential work expanding for the sixteenth consecutive month in December.
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- Wednesday, 03 January 2018
- Daily Fundamental Analysis
AUD/USD Daily Forecast – 04 January
There were no data releases from Australia yesterday. The Aussie gained in Asia on Wednesday as regional sentiment stayed upbeat on the China growth outlook for 2018 in an otherwise light data day. Overnight, the dollar fell to more than three-month lows against a basket of major currencies on Tuesday as traders awaited key economic data releases slated for this week. The greenback made a subdued to start to the trading year, falling to more than three month lows amid a lack of top-tier economic data and lower trading volumes.
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